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A loan helped to purchase additional farmland.
Kabiru 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, he 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 Kabiru with cash equivalent to his value of maize at harvest. Babban Gona will then help him 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 Kabiru as he plans on using the increased income to purchase additional farmland for a bigger harvest next season.