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Total loan: $375
Kaduna, KD, Nigeria / Personal Use
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A loan helped to meet urgent household needs such as food and clothing.
Magaji is a Babban Gona maize farmer from Kanakargo. As a Babban Gona member, Magaji does not have to worry about failed crops and poor harvests. Thanks to access to quality inputs and services, Magaji expects to reap up to 35 bags/hectare of maize, double the national average of 18 bags/hectare. As part of his harvest services package from Babban Gona, Magaji will get crucial harvest support such as the renting of a threshing machine, which will eliminate the common community practice of using family labor. In addition, he will have the ability to hire a transporter at a discounted price to transport his produce from his field to a warehouse. These services will ensure that Magaji’s maize is of the highest quality and can fetch the highest price and, as a result, generate good earnings for him. With Babban Gona’s support, Magaji will store his quality maize in one of the available community warehouses and sell it for up to 40% higher than the market price. Through this loan, known as a harvest advance loan, Magaji will receive a cash advance, equal to the price of maize at harvest that allows him to meet pressing household needs while Babban Gona stores his to sell in the future at a profit. With increased income, Magaji dreams of building a better home for his family.