Nura, a 28 year old farmer, husband and father from Kwatau village is unable to pay school fees for his three children, Anas, Barawo and Patience. He believes that their future rests on the success of his farm. By receiving a Babban Gona loan, Nura has the opportunity to reap yields three times as high as the national average and earn at least three times as much as the average Nigerian farmer. With the help of Babban Gona, Nura has benefited greatly from the education and training and now understands the importance of the right inputs and technologies for getting better crops from his land. A Babban Gona loan would provide Nura with seeds and fertilizers to use on his farm as well as technologies to create toxin free maize that is healthier for his children. In addition, a Babban Gona loan will allow Nura the means to store his crops as well as the ability to sell them at a premium market price. Knowing that a better harvest means more profits earned, Nura wants to invest in his farm not only for himself but for the future of his three children. With the extra profits from an successful harvest, he will be able to pay the school fees to send his children to school, where they can study business. Nura hopes that with the help of his children, he can turn his family farm into a thriving commercial business.
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.