Babban Gona Farmers Services

Debt : January 2019

Babban Gona is a large scale smallholder farmers’ platform in northern Nigeria which provides a wide range of tailored end-to-end services to its members.

Amount

€ 1,837,000.00

Type of investment

Debt

Development impacts

  • Local economic growth
  • Private sector consolidation/innovation
  • Food security & rural development

Beneficiary locations

Sub-Saharan Africa: Nigeria

Investment field

Enterprises

Activity

Agribusiness

Organisation

Babban Gona Farmers Services

The project is to finance working capital requirements and Opex relating to the client’s program for smallholder farmers, in order to enable the organization to scale-up and maximize the impact on local communities via the enhancement of farmers’ yields and revenues. BIO’s fund will mainly be applied to the funding of agro inputs and cash loans to the farmers.

Babban Gona Farmers Services

Development impacts

  • Local economic growth

    Through promoting sustainable small-holder farming, the project will help farmers transform their activity into a decent income-generating activity, while pushing them to be more entrepreneurial

  • Private sector consolidation/innovation

    The BG model has a strong impact on integrating small holder farmers in a consolidated value chain where BG plays the roles of supplier, funder and sales arranger. Brings significant economies of scale to farmers in providing access to better prices and markets

  • Food security & rural development

    BG supports agriculture which already accounts for c. 20% of the GDP but still needs to be reinforced in a view to contribute to import substitution and food security. Through improvement of farmers yields and revenues, BG directly supports rural development and living conditions of farmers’ families.

Read impact and news about this project

Fixing the value chain

Impact Story

Fixing the value chain

08-11-2019

BIO gave a USD 2 M loan to Babban Gona, a large scale smallholder farmers’ platform in northern Nigeria.
Mr Kola Masha is the founder of the company. This is his story.

Read more

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