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A loan helped to pay for his children’s school fees and open an agro dealer shop.
He expects to reap up to 40 bags of maize per hectare, which is double the national Nigerian 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 Haruna with a Harvest Advance Loan, a cash payment equal to the value of his maize at harvest, to help him pay for his children's school fees.
With his family's increased income, Haruna will be able to open an agro dealer shop thereby eliminating pressure to sell corn for low prices at harvest and increasing farm margins in the long run.