Total loan: $375


Kaduna, KD, Nigeria / Agriculture

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A loan helped to purchase additional farmland through using a Harvest Advance loan to capture greater margins on his maize harvest.

Ubaidu's story

Ubaidu is a hardworking farmer who has the ambition to expand the land under his cultivation and earn higher profits from farming.

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