100%

funded

Total loan: $400

Asabe

Flag of Nigeria
Kaduna, KD, Nigeria / Agriculture

Asabe's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!


A loan helped to eventually purchase additional farm land.


Asabe's story

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

As a member of Babban Gona, Asabe has access to high quality inputs and enhanced farming services which help to increase her yields. Furthermore, through training programs, Asabe now practices farming in a more sustainable manner. For example, the agronomy education Asabe receives focuses on micro-dosing fertilizers to lessen environmental impact and increase yields.

Asabe 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, Asabe needs a Harvest Advance loan to capture greater margins on her 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 Asabe with the cash equivalent of the value of maize at harvest. Babban Gona will then help Asabe store her maize and sell it at a higher price over the next 6 to 9 months, guaranteeing higher returns.

This is crucial for Asabe as she plans on using the increased income to purchase additional farm land for a bigger harvest next season.