100%

funded

Total loan: $400

Abubakar

Flag of Nigeria
Kaduna, KD, Nigeria / Agriculture

Abubakar's loan finished fundraising,
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A loan helped to purchase additional farmland.


Abubakar's story

Abubakar is a hardworking farmer who has the ambition to expand his land under cultivation and earn higher profits from farming. As a member of Babban Gona, Abubakar has access to high quality inputs and enhanced farming services which help to increase his yields. Furthermore, through training programs, Abubakar now practices farming in a more sustainable manner. For example, the agronomy education Abubakar receives focuses on micro-dosing fertilizers to lessen environmental impact and increase yields.

Abubakar 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, Abubakar needs a Harvest Advance loan to to purchase additional farmland in other to expand his farming operations. This Harvest Advance loan will provide Abubakar with cash equivalent to his value of maize at harvest. Babban Gona will then help Abubakar to store his maize and sell it at a higher price over the next 6 to 9 months, guaranteeing higher returns.