Besides financing, farmers need access to good quality inputs (e.g. seeds, fertilizers, pesticides, etc.) to ensure good production of their crops. The main providers of such input in the remotest of rural areas are the “Local retailers”. These “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 retailers access good quality input products on credit.

iFarmer has a B2B agri-input supply chain that connects last mile retailers to a plenty of quality agri-input(e.g. crop care, micronutrients, macronutrients, nourishment for livestock, poultry and fish, etc.)

In pursuit of this, iFarmer has surveyed the existing retailers 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 earning  us to buy with a small specific markup on price.

We will collect orders from retailers and purchase our products in bulk, and supply them to the retailers. Currently we have 2900 registered retailers, and hence we get a purchase price advantage from our suppliers as we purchase the goods in big bulks.

For people who are interested, the value of per unit would be BDT  75,000 and yield a projected earning of 6% which will be distributed at maturity of 4 months or 120 days.

What is iFarmer?

iFarmer is an award-winning agri-fintech business that enables small-scale

farmers and Agri Businesses to maximize their profit. iFarmer bundles everything that a farmer needs: Farm financing, agriculture inputs, advisory, insurance and access to markets.

How do I join iFarmer? 

You as an individual or organization can join by downloading our mobile application from the Google Playstore (https://rebrand.ly/iFarmerApp) or the Apple App Store (https://rebrand.ly/iFarmerIOS-App) and completing the registration. For any further assistance, please reach out to us directly by writing to us at hello@ifarmer.asia or calling our hotline number at +880 130 253 6026.

What does iFarmer do? 

iFarmer empowers farmers and small/micro agri entrepreneurs by providing access to capital through connecting them with farm financing, training on best farming techniques, sales of farm produce to boost the quality and quantity of their farm production and also provide a healthy earning after harvest for both farmer and funder.

What are the products?

The products are Pesticide, Fertilizer, Micronutrients, Macronutrients, Cattle Feed, and Nourishment( for livestock, poultry and fish).

Are buyers given evidence on the units bought?

Each successful funding is carried forward in the following way:

1. Payment made through electronic fund transfers or cheque
2. Payment verified by Team iFarmer
3. Invoice is issued
4. The 5 working day refund period begins where the funder is entitled to a full refund (After deducting 2.5% transaction fee) if he/she requests for it
5. Following the end of the refund period, the fund is transferred to the field operations team for further perusal
6. 15/16 days after the date mentioned on the invoice, the certificate of ownership is issued, stating that the farm is fully operational.

The Certificate of Ownership explains the ownership of the asset and iFarmer’s responsibilities in this regard.

For any further assistance, please reach out to us directly by writing to us at hello@ifarmer.asia or calling our hotline number at +880 130 253 6026.

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  75,000 and yield a projected earning of 6% (BDT  4500) which will be distributed at maturity of 120 days or 4 months. In total, for each unit the buyer will get  BDT  75,000 + BDT  4500 = BDT  79,500 

When will I get an earning on my buy?

iFarmer sells the products within 12 months or 365 days. Taking everything into consideration, the earnings are transferred into the buyer's bank account in exactly 12 months or 365 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 (i.e. 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 3 shares under his or her name. 

Can I keep the purchased units for myself?

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

What transaction mode does iFarmer use?

Payments can be made through one of the following methods or a combination of all of them, depending on the fund size and access to such services by the funder:

1. Electronic funds transfers (BEFTN and RTGS. NPSB not allowed)
2. Cheque (Values equal and greater than BDT 50,000/= can be collected by iFarmer if the funder is within Dhaka Metropolitan)
3. Fund deposit to the iFarmer bank account

Can I visit in person?

Yes, you may. Please check the “Farm visit” criteria on our terms of services to learn more about this process: https://www.ifarmer.asia/en/terms_of_services

Where is the retail shop located?

The Retail shops would be operating in three (3) locations: Lalmonirhat, Kurigram and Rangpur.