You know the story in Zimbabwe, inadequate capital for farmers is disturbing the agriculture output of Zimbabwe. But Farmvest is here to make life easier for farmers while simultaneously offering attractive rewards to investors.
Farmvest is essentially an agriculture investment platform that ‘aims revolutionize the local agriculture sector by connecting small-scale and communal farmers with Zimbabweans & Foreigners (Local and Diaspora) who looking to invest in Agriculture’.
In particular, Farmvest is going to connect small-scale farmers with investors, who invest in cycles which can be anything from [3-5 months] for poultry projects to [7 months – 12 months] for vegetables and grain projects.
Where is Farmvest coming from?
Economic and environmental are undermining food security in Zimbabwe. Cash shortages, waterlogging, drought, crop pests and a shortage of fertilizer threaten agricultural production. Most notably the rise of Zimbabwe’s population (Africa’s population as well) which is compounding on food shortages. Nationally, a majority of households in Zimbabwe practice agriculture as their primary livelihood, according to the Zimbabwe Vulnerability Assessment Committee.
The UN points out that the Agricultural Industry Currently a $400 billion Industry will grow to a $1 Trillion Industry by 2030, so there is a need for African Farmers to take advantage of this opportunity by improving farming methods, mechanizing and getting access to capital. Hence Farmvest sees this opportunity as a way to help farmers to access capital relatively easy.
“Farmvest aims to build a community model that allows Zimbabweans/Foreigners (Local and abroad) to venture into farming and agriculture at the touch of a button while empowering local farmers, and boosting production and security of food for Zimbabwe”
This is when Farmvest comes into play
Most of the problems mentioned above are to a greater extent solved if small-scale or communal farmers are adequately funded to purchase chemicals or machinery to increase agriculture output. Farmvest will, therefore, come into play as a savior to farmers who seek funding. The company will pool many investors from diverse backgrounds who are willing to sink their money in agriculture projects.
As a farmer, how can I have my project listed?
Farmvest is open for registration and currently has a few projects on the site but soon it will be launching the full website with dashboard and mobile apps on the 31st July 2018.
At the moment, a farmer who wants to register and list their projects can simply email Farmvest detailing what they do. From then on, Farmvest will contact you and they will conduct their screening process to see if the farmer can have their project listed on Farmvest.
As an investor, How can I invest?
Prospective Investors have it easier by just visiting Farmvest’s website and fill out an easy investment query form and go through some simple steps.
Furthermore, the soon-to-be-launched website and mobile app will enable investors to monitor their investments. The mobile app will be available on both Google Playstore and Apple Appstore. The mobile app comes in handy for investors who would want track or check their investments on the go.
What’s the minimum amount can invest in Farmvest?
Prospective investors can invest as little as $250 which is paltry to many Diaspora Zimbabweans, foreign investors, and a relatively few local Zimbabweans.
What’s in it for the investor?
According to Farmvest, investors can expect to receive 15%-25% per farming cycle. And for that, Personally, I would invest in Farmvest.
The brains behind Farmvest
Farmvest is owned by Mitah Group LTD, a company owned by Zimbabwean entrepreneur Michael Matope. Michael Matope the founder/CEO has been involved in the tech space the last few years, running Mitah Enterprises a web development and graphic design firm.
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