100%

funded

Total loan: $75

Ata

Kaduna, KD, Nigeria / Housing

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A loan helped to purchase additional farmland.


Ata's story

Ata 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, Ata has access to high quality inputs and enhanced farming services which help to increase his yields. Furthermore, through training programs, Ata now practices farming in a more sustainable manner. For example, the agronomy education Ata receives focuses on micro-dosing fertilizers to lessen environmental impact and increase yields. Ata 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, Ata 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 Ata with cash equivalent to his value of maize at harvest. Babban Gona will then help Ata store his maize and sell it at a higher price over the next 6 to 9 months, guaranteeing higher returns. This is crucial for Ata as he plans on using the increased income to purchase additional farmland for a bigger harvest next season.