Like any good father, Yakubu’s main priority is how to best improve the lives of his children and he wants to use the profits from his farm to help support the futures of his three oldest, Tabitha, Salome and Yosia, who want to study medicine, business and acting. Yakubu’s ultimate goal is to fully mechanize his farm so as to alleviate the burden of manual farming on his family to allow his children to focus solely on their education and to follow their dreams.
More information about this loan
This loan is aimed at helping smallholder farmers. The farmers are divided into Trust Groups and deliver training and development services, inputs like seeds on credit and post-harvest marketing services. This Kiva loan will thus be used to provide borrowers with needed goods or services, as opposed to cash or financial credit. This system increases farmers’ yields up to 4 times the national average. In addition, Babban Gona markets its farmers’ produce to premium markets over the course of the year, ensuring that they receive the best price possible for their produce and have a steady flow of income year round. Kiva loans are used to help Babban Gona expand its services to more rural areas in Northern Nigeria. Babban Gona posts loans before the inputs are provided so there is a chance that farmers will change their input package after the loan is posted. As a result, the loan amount may slightly change after you fund the loan, and any difference will be repaid to you when the first loan repayment is made. By supporting this loan, you’re providing farmers with the opportunity to increase their yields.
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