Agricultural Input 5
Closed

Agricultural Input 5

BDT 25000/unit

Bogra and Tangail

Duration

Earning

Net Earning

6 Months

8.0 %

2000.0


Install App to Book Farm
 
Product Pesticide, Fertilizer and Cattle Feed
Beneficiaries Retailer Shops
Location Bogra and Tangail

 

Besides financing, farmers need access to good quality inputs (e.g. seeds, fertilisers, pesticides, etc.) to ensure good production of their crops. The main providers of such input in the remotest of rural areas are the “small local retailers”. These “small local retailers” are often required to buy inputs from the dealers of different companies on cash. Credit facilities are denied to them due to their small ordering quantity.

 

Over the years, iFarmer realised, while the farmers are being financed, if the retailers do not have the capacity to put good quality inputs on their shelves, remote rural farmers will not be able to access good quality input, no matter the access to finance. Realising this gap, iFarmer marched ahead to help small retailers access good quality input products on credit. 

 

In pursuit of this, iFarmer has surveyed the existing farmers network and marked the ones with small scale input retail business. Under this model, we would be providing buys to these retailers for a short term, to get the buys to roll and stock products. Meanwhile, our farmers would be receiving the good quality inputs at a regular price, right at their “small local retailer shop”. The retailers would be earninging us the buy with a small specific markup on price.

 

For people who are interested, the value of per unit would be BDT 25,000 and yield a projected earning of 8% which will be distributed at maturity of 6 months or 180 days.

Investment Policy
Profit Details
Months Net Profit Return on funding
6 2000.0 8.0%
Payback 25000.0
Total 27000.0

What is iFarmer?

 

iFarmer is an impact tech startup that has developed an innovative online platform which enables anyone to be a buyer in farming and livestock in Bangladesh.

 

How do I join iFarmer?

 

You as an individual or organization can join through an online registration using your Gmail/Facebook account or can register directly at iFarmer office.

 

What does iFarmer do?

 

iFarmer is an impact tech startup based in Bangladesh which aims to connect individuals willing to be a buyer in agricultural and livestock farming with farmers seeking easy access to capital. Our idea is based on the asset-sharing model, which has been a very common practice in our rural landscape for ages. We want to portray ourselves as portfolio managers for our buyer's agriculture and livestock shares.

 

What are the products?

 

The products are Pesticide, Fertilizer and Cattle Feed.

 

Are buyers given evidence on the units buyed?

 

Each buyer has evidence in the form of a Certificate of Ownership in their email, which also explains the ownership of the assets and iFarmer’s responsibility as an asset manager. In addition, an invoice will be issued right away in an individual’s/organization’s email after payment has been made. For every transaction through a cheque, a money receipt is provided to the issuer along with all other documents mentioned above.

 

How much will I get as my earnings?

 

For our Agricultural Input, we are offering a projected earning to our buyers. For example, if you invest here, the value of per unit would be BDT 25,000 and yield a projected earning of 8%(BDT 2000) which will be distributed at maturity of 180 days or 6 months. In total, for each unit the buyer will get  BDT 25,000 + BDT 2000 = BDT 27,000

 

When will I get an earning on my buy?

 

iFarmer sells the products within the 6 months or 180 days period of storage. Taking everything into consideration, the earnings are transferred into the buyer's bank account in exactly 6 months or 180 days from the date of payment.

 

Can I contact the designated person taking care of the retail partnership?

 

A manager will be assigned to you and you can reach out to the designated person through your manager.

 

How will I receive updates related to the retail partnership?

 

We will be posting live updates about the goods in the storage from time to time.

 

What will happen if the product is spoiled or stolen?

 

iFarmer has a team combined with agriculture production, aquaculture, livestock, agriculture supply chain, and relevant industry experts who carefully select each farmer and are dedicated to addressing any unavoidable circumstances within their best capacity during the production tenure. iFarmer team works relentlessly to reduce the market risk (production quality, market access, price volatility).

However, for any such incidents which fall under the clauses of Force Majeures (ie. including but not restricted to acts of God, acts or omissions of any government, or agency thereof, rebellion, insurrection, riot, sabotage, invasion, quarantine, restrictions, strike, lockout, and transportation embargoes), iFarmer will give written notice to the customer for its inability to perform.

 

How many units can I buy at once?

 

One person can buy or buy a maximum of 8 shares under his or her name. 

 

Can I keep the buyed units for myself?

 

No, you cannot. iFarmer works on ground level with bulk buyers only.

 

What transaction mode does iFarmer use?

 

You can pay through our secure online system or issue cheque in favor of i-Farmer Limited.

 

Can I see my buyed retail shop in person?

 

Yes, you may. You must inform us in advance to ensure that you get the best welcome possible.

 

Where is the retail shop located?

 

The Retail shops would be operating in three (3) places Bogra, Lalmonirhat and Tangail.


Not convinced yet?

Team iFarmer understands the value of your time, faith and money. Our team continuously appraises your funding for something much greater than monetary return.

Refund your Funding

iFarmer allows you to take back your funding within 1 week with 100% refund.

Risk Management

iFarmer team consists of sector experts with professional experience working in various high valued national and international projects.

Certificate of Ownership

Each funder will be provided with a Certificate of Ownership Farm (COF), which also explains the ownership of the unit with complete details.