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Yakubu
Yakubu remembers not being able to pay school fees during a particularly bad harvest. This is before he became a Babban Gona Member. Now, as a Babban Gona member, Yakubu like all Babban Gona members, can earn up to $2000/ha this season from growing maize, more than three times the Nigerian farmer’s annual income. The average Babban Gona farmer yields 30 bags/hectare, double the National average of 14. However, Yakubu, is ambitious and is aiming to reap 35 bags per hectare this season. Yakubu expressed that “In 5 years, I want to make more money for myself and my family.” With this loan, Yakubu is well on his way to achieving this dream.

Additional Information

More information about this loan

Babban Gona Farmer Organization (Babban Gona) is a farmer services organization committed to lifting 5 million smallholder farmers out of poverty by 2030. It divides smallholder farmers into Trust Groups and delivers training and development services, inputs like seeds on credit and post-harvest marketing services. This Kiva loan will thus be used to provide borrowers with needed goods or services, as opposed to cash or financial credit. This system  increases farmers’ yields up to 4 times the national average. In addition, Babban Gona markets its farmers’ produce to premium markets over the course of the year, ensuring that they receive the best price possible for their produce and have a steady flow of income year round. Kiva loans are used to help Babban Gona expand its services to more rural areas in Northern Nigeria. 

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About Nigeria

  • $1,188
    Average annual income
  • 0
    View loans »
    Nigeria Loans Fundraising
  • $5,880,375
    Funds lent in using Kiva
  • 161.8
    Nigeria Nairas (NGN) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $150 helped Yakubu to purchase high-quality inputs in order to double yield and income.
0% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 1, 2014
Listed
Jul 30, 2014
Currency Exchange Loss:
Possible