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Babban Gona

Lagos, Nigeria πŸ‡³πŸ‡¬

Agriculture
πŸ“§ lagos@doreopartners.com πŸ“ž No Phone No Website

Award-winning, high impact, financially sustainable and highly scalable social enterprise part-owned by farmers we serve.

Total Funding

24M USD

Employee Range

501-1000

Year Founded

2012

About Babban Gona

Babban Gona is a high-impact, financially sustainable and highly scalable agricultural social enterprise that is part-owned by the farmers we serve. In recognition of the impact it has achieved thus far, it is the first for-profit social enterprise in history and the first Nigerian organisation to receive the prestigious Skoll Award for Social Entrepreneurship. The Skoll Award for Social Entrepreneurship is considered the equivalent of the Nobel Peace Prize in the Social Entrepreneurship industry. We developed and grew the agricultural franchise model in partnership with our Board Chairman, His Highness, Muhammad Sanusi II (Emir of Kano), Nestle, DfID, AGRA, BMGF, Skoll, GIZ, USAID and Rockefeller Foundation amongst others. We franchise thousands of mini farmer maize and rice cooperatives across Northern Nigeria using an innovative and internationally recognized agricultural franchise model. Through these franchises, Babban Gona has cost-effectively provided high-quality inputs, credit, training and development, and marketing services to over 39,000 smallholder farmers, enabling them to double their yields and increase their net incomes 2.8 to 3.5 times greater than the average farmer, while maintaining 99.9% loan repayment rate. To date, Babban Gona has recorded great success: Impact Metrics β–ͺ 2.8 - 3.5X Increased Net Income β–ͺ 150,000 Rural Men, Women and Children Provided Access to Healthy Food β–ͺ 27,000 Ha Under Sustainable Cultivation Sustainability Metrics β–ͺ 46,000 Profitable Loans Disbursed β–ͺ 99.9% Loan Repayment Rate Scalability Metrics: β–ͺ 250X Growth within last 5 years β–ͺ $10,500,000 in Debt Raised β–ͺ 1,000,000 Farmers Targeted by 2025

Agriculture Food Production
SHA Score63
Kola Masha

CEO

Lagos, Nigeria πŸ‡³πŸ‡¬

Technologies In Use
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Website Info
Paris
France
+85%
Amsterdam
Netherlands
+75%
Venice
Italy
+62%
Barcelona
Spain
+24%
Sydney
Australia
+20%

Total Amount Raised

$24M +5.5%

Total Funding Rounds

2.00

Investor Count

1

Latest Round

Debt Financing
Funding Breakdown For Babban Gona View all
Round Date Announced Amount Raised
#1 Debt Financing 18th July 2017 4,000,000
#2 Venture 14th February 2017 20,000,000
Agricorp

AgTech

Lagos, Nigeria

The New Forests Company

AgTech

Plaines Wilhems, Mauritius

Farmerline

Agriculture

Ashanti, Ghana

Recent Funding Activity
Most recent funding
@Brown Asher's most recent funding is aSeed ROund

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In the Media
THISDAY Newspapers
Citi Extends N4bn to Babban Gona for 41000 Farmers - THISDAY Newspapers
... Published - 11th October 2022
Premium Times
Babban Gona gets Citibank's N4 billion loan, targets 41000 farmers - Premium Times
... Published - 11th October 2022
FAQs

Some of the Frequently Asked questions about Babban Gona.

Babban Gona was founded in 2012.
Babban Gona's headquarters are located in Lagos, Nigeria.
Babban Gona's latest funding round was a Debt Financinground .
To date, Babban Gona has raised a total of $24M.
Babban Gona's founders include:

Kola Masha.

Some competitor startups to Babban Gona are:

Agricorp, The New Forests Company, Farmerline