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