Agri Machinery-Mini Power Tiller
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Agri Machinery-Mini Power Tiller

BDT 90000/units

Joypurhat, Natore, Jessore

Duration

Earning

Net Earning

12 Months

18.0 %

16200.0

Maximum

Remaining

2 units/booking

1 units


Install App to Book Farm

 **maximum 2 units

 **remaining 1 units

Product

Mini Power Tiller

Beneficiaries

Farmer

Location

Joypurhat, Natore, Jessore



Agri Machinery-Mini Power Tiller  is only for fresh investments. Reinvestment on Agri Machinery-Mini Power Tiller is still not available.

The power tiller is a multipurpose hand tractor designed primarily for rotary tilling and other operations on small farms. While in operations, an operator walks behind to maneuver it. It is also known as a garden tractor, hand tractor, walking tractor or two-wheel tractor.
Currently, 90% of the land is cultivated by power tillers and tractors. In the late 1990s, people started using power tillers in Bangladesh. It increases efficiency and reduces cultivation costs and saves time.

Machinery such as MIini Power Tillers are a vital part of the cultivation cycle, which our farmers are generally deprived of due to lack of capital for a down payment. The mini-tiller is a mechanized plow used to prepare land for agricultural production. It can plow land more efficiently than plows that rely on animal draft power, and at the same time reduce drudgery. During a timeline of 12 months, Power Tiller  is financed by iFarmer/iFarmer's funders and used by the farmer/farmers. Following the end of the cultivation cycle, the ownership of the Mini Power Tiller is transferred to the farmer/farmers, which enables the farmer to gain access to an asset resulting in financial stability and securing means of additional income for the future.

For people who are interested in Agri-Machinery -Mini Power Tillers, they can fund BDT 90,000. The financing period is 12 months with a projected return of 18% (BDT 16,200 per unit), which will be distributed within 365 days.
 

Investment Policy
Profit Details
Months Net Profit Return on funding
12 16200.0 18.0%
Payback 90000.0
Total 106200.0

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 farmers and funders.

 

What are the products?

 

The products are Mini Power Tillers.

 

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. 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 Agri-Machinery - Power Tiller, we are offering a projected earning to our buyers. For example, if you invest here, the value of per unit would be BDT 90,000 and yield a projected earning of 18% (BDT 16,200) which will be distributed at maturity of 365 days or 12 months. In total, for each unit, the buyer will get  BDT 90,000 + BDT 16,200 = BDT 1,06,200

 

When will I get an earning on my buy?

 

iFarmer sells the products within the 12 months or 365 days period of storage. 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 agri machinery?

 

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 agri machinery?

 

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 2 units under his or her name. 

 

Can I keep the bought 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 agri machinery located?

 

The agri machinery would be operating in three (3) places Joypurhat, Natore, and Jessore.


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.

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Refund your Funding

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

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Risk Management

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

certificate of ownership

Certificate of Ownership

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