100%

funded

Total loan: $75

Abubakar

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Kaduna, KD, Nigeria / Education

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A loan helped to pay children’s tuition and uniforms for the next term, thereby eliminating pressure to sell corn for low prices at harvest and increasing farm margins.


Abubakar's story

Abubakar is a Babban Gona maize farmer living in rural northern Nigeria. Thanks to crop insurance and access to high-quality inputs and services, Abubakar and his two children do not have to worry about failed crops or poor harvests. He expects to reap up to 40 bags of maize per hectare, which is double the Nigerian national average of 18 bags of maize per hectare.

However, most farmers are forced to sell their produce at extremely low prices during harvest, which coincides with tuition for the second half of the school year. This is because farmers urgently need cash after a long planting and harvesting season. To prevent this, Babban Gona will provide Abubakar with a Harvest Advance Loan, a cash payment equal to the value of his maize at harvest, to help him pay for school fees.

With his family’s increased income, Abubakar will be able to afford school fees and uniforms for his two children, thereby eliminating pressure to sell corn for low prices at harvest and increasing farm margins in the long run.