100%

funded

Total loan: $375

Sale

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Kaduna, KD, Nigeria / Agriculture

Sale'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.


Sale's story

Following Sale'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, Sale now practices farming in a more sustainable manner. For example, the agronomy education Sale receives focuses on micro-dosing fertilizers to lessen environmental impact and increase yields. Sale 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, Sale 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 Sale with a cash equivalent to his value of maize at harvest. Babban Gona will then help Sale 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 Sale as he plans on using the increased income to purchase additional farmland for a bigger harvest next season.