100%

funded

Total loan: $125

Alhaji Hudu

Kaduna, KD, Nigeria / Agriculture

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A loan helped to purchase additional farmland.


Alhaji Hudu's story

Alhaji Hudu is a hardworking farmer who has the ambition to expand his land under cultivation and earn higher profits from farming.

As a member of Babban Gona, Alhaji Hudu has access to high quality inputs and enhanced farming services, which help to increase his yields. Furthermore, through training programs, Alhaji Hudu now practices farming in a more sustainable manner. For example, the agronomy education Alhaji Hudu receives focuses on micro-dosing fertilizers to lessen environmental impact and increase yields. Alhaji Hudu 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, Alhaji Hudu 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 Alhaji Hudu with the cash equivalent to his value of maize at harvest. Babban Gona will then help Alhaji Hudu 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 Alhaji Hudu as he plans on using the increased income to purchase additional farmland for a bigger harvest next season.