The lament over poverty has continued for decades since independence. The struggle for survival has taught us one thing – savings are not enough; one must continuously seek investment opportunities. Financial Technology (FinTech) comes as an option showing tremendous growth in Nigeria over the past few years championed by incredible intrapreneurs and entrepreneurs making individual contributions which have collectively led the FinTech industry in Nigeria to what it is today. Well, creative minds saw an opportunity to marry FinTech and the neglected agricultural sector and produce wealth for forward-thinking investors. One of the giant minds is – Farmcrowdy, established in 2016 with a mission to end hunger, achieve food security and end poverty in Africa. This ignited the establishment of many other agritechs in Nigeria today, but Farmcrowdy leads the market. De Critic, sworn to expose good and bad brands, independently looked into Farmcrowdy and found as follows.
Over the past 3 years, Farmcrowdy has succeeded in bridging the gap between willing investors, farmers and produce-buyers. Farmcrowdy is currently operational in 14 states across Nigeria and has signed up over 123,000 investors and 25,837 farmers into the company’s programs. These farmers, according to Farmcrowdy, have gone on to cultivate over 16,000 acres of farmland across Nigeria. Farmcrowdy is doing so well that it has now created a sister – Crowdyvest. It continues to extend into other areas including the recent extension to transportation buses. Interviews from investors reveal that there is minimal risk and investors are happy with Farmcrowdy’s services and return on investment.
Rural farmers are provided with improved seeds and farm inputs and are put through training on modern farming techniques. A market for the sale of their farm produce as well as logistics to move farm harvests to the market are made available. At the end of the cycle, farmers earn a decent return. On a larger scale, farmers are given the capability to farm more acres and by extension, leads to increased food production and security in Africa.
Investors on Farmcrowdy make their choice on the farm to invest in and simply transfer funds using their mobile phones or personal computers from anywhere around the world. The funds are then used to engage farmers, acquire and plant quality seeds, insure farmers and farm produce, complete a full farming cycle, sell harvests and then pay investors profits from a successfully farming cycle. During the farming process, investors are able to keep track of the full cycle and updates in the form of text, pictures and videos are sent to them.
This initiative has contributed immensely to and has ensured the provision of high returns to investors, availability of funds and technical assistant to farmers, increased employment opportunities for youths, the exportation of some of these farm produce and in turn, the generation of government revenue. Indeed,
for agricultural investment, Farmcrowdy changes the tide in Nigeria.
With the click of a few buttons in the comfort of your house, you too can become a digital farmer, contributing to economic development and earning while at it. And what is more? The Company is undergoing SEC compliances and security – https://www.farmcrowdy.com/
NB: This is not a paid content. De Critic independently analyse brands and protect the public from hideous facts. Do you find this info useful? Let us know in the comments below.