100%

funded

Total loan: $400

Philip

Flag of Nigeria
Kaduna, KD, Nigeria / Agriculture

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


A loan helped to purchase additional farmland.


Philip's story

Following Philip's initial loan request, he gained access to recommended pesticides and fertilizers and applied them to his field with the aim of optimizing his yield. Furthermore, through training programs, Philip now practices farming in a more sustainable manner. For example, the agronomy education Philip receives focuses on micro-dosing fertilizers to lessen environmental impact and increase yields. Philip expects to reap 40 bags per hectare of maize from this year's harvest, more than double the national Nigerian average of 18 bags per hectare.

Nonetheless, Philip needs a Harvest Advance loan to purchase additional farmland in other to expand his farming operations. This Harvest Advance loan will provide Philip with a cash equivalent to his value of maize at harvest. Babban Gona will then help Philip with storing his maize and selling it at a higher price over the next six to nine months, thus guaranteeing higher returns. This is crucial for Philip as he plans on using the increased income to purchase additional farmland for a bigger harvest next season.