100%

funded

Total loan: $375

Yusuf

Kaduna, KD, Nigeria / Agriculture

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A loan helped to open an agro dealer shop.


Yusuf's story

Yusuf is a Babban Gona maize farmer living in rural northern Nigeria. Thanks to crop insurance and access to high quality inputs and services, Yusuf and his four children do not have to worry about failed crops or poor harvests.

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 Yusuf with a Harvest Advance Loan, a cash payment equal to the value of his maize at harvest, to help him open an agro dealer shop.

With his family's increased income, Yusuf 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.