100%

funded

Total loan: $100

Mati

Flag of Nigeria
Kaduna, KD, Nigeria / Agriculture

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A loan helped to purchase more land for growing maize to earn higher profits next harvest and increase long-term prosperity.


Mati's story

Mati is a maize farmer from the rural area of Kaduna, a state located in northern Nigeria. Mati has the ambition to expand his land under cultivation, which will deliver more crop output and enable him to earn higher profits from farming.

As a member of Babban Gona, Mati has access to high quality inputs and enhanced farming services which help to increase his yields. Furthermore, through training programs, Mati now practices farming in a more sustainable manner. For example, the agronomy education Mati receives focuses on micro-dosing fertilizers to lessen environmental impact and increase yields. Mati expects to reap 40 bags/hectare of maize from this year’s harvest, more than double the national Nigerian average of 18 bags/hectare.

Nonetheless, Mati needs a Harvest Advance loan to capture greater margins on his maize, instead of selling the grain at harvest when prices are low due to the high supply of maize. This Harvest Advance loan will provide Mati with the cash equivalent to his value of maize at harvest. Babban Gona will then help Mati to store his maize and sell it at a higher price over the next 6 to 9 months, guaranteeing higher returns. This is crucial for Mati as he plans on using the increased income to purchase additional farmland for a bigger harvest next season.