100%

funded

Total loan: $25

Sagir

Flag of Nigeria
Kaduna, KD, Nigeria / Agriculture

Sagir'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.


Sagir's story

Following Sagir's initial input loan request, he gained access to recommended pesticides and fertilizers and applied them on his field aiming to optimize his yield. Furthermore, through training programs, Sagir now practices farming in a more sustainable manner. For example, the agronomy education Sagir receives focuses on micro-dosing fertilizers to lessen environmental impact and increase yields. Sagir 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, Sagir 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 Sagir with cash equivalent to his value of maize at harvest. Babban Gona will then help Sagir 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 Sagir as he plans on using the increased income to purchase additional farmland for a bigger harvest next season.