Total loan: $750
Kaduna, KD, Nigeria / Agriculture
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A loan helped to open an agro dealer shop.
Idris is a maize farmer living in a small village in northern Nigeria. Similar to other farmers in the region, Idris's main income is from farming, which is perceived as non-lucrative. Idris is able to practice farming in a more lucrative way through access to training, quality agricultural inputs, and farming services that increase his yields by up to double the national Nigerian average. However, Idris needs a Harvest Advance loan to avoid losing part of his expected margins when, in order to take care of his family's immediate needs, he must sell his maize at low prices during harvest. Through this Harvest Advance Loan, Idris will receive cash equal to his value of maize at harvest while Babban Gona stores his maize and sells it at a higher price in the future. With his increased income from this farming season, Idris plans to open an agro dealer shop. With this investment, Idris will contribute his quota to alleviating poverty in northern Nigeria.