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Other amount

100%

funded

Total loan: $375

Yakubu

Kaduna, KD, Nigeria / Agriculture

Yakubu's loan finished fundraising, but these other borrowers need your support


A loan helped to purchase additional farmland.


Yakubu's story

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