Are you a Nigerian based in the Diaspora and interested in participating in Agriculture? Well Farmcrowdy is for you!
Farmcrowdy is an Agric-tech platform that gives Nigerians the opportunity to venture in and participate in agriculture by selecting the kind of farms they want to sponsor. Farmcrowdy uses the sponsor’s funds to secure the land, engage the farmer, plant the seeds, insure the farmers and farm produce, complete the full farming cycle, sell the harvest and then pay the farm sponsor a return on their sponsorship. When the farmers go to market and sell their yield, the sponsor gets their original investment +40% of the profit, the farmer receives 40% of the profit and Farmcrowdy receives 20% of the profit. Farm sponsors can get between 13-25% on their returns.
Since its launch in 2016, Farmcrowdy has empowered over 3,000 small scale-farmers across Nigeria.
They announced their seed fund raise of $1 Million at the end of last year and were recent recipients of a $325,000 grant from dedicated GSMA global team Mobile for Development as part of the GSMA Ecosystem Accelerator Innovation Fund.
They’re coming to London for the first time to do a tour and to start connecting more with the Diaspora audience here and will be holding a Stakeholders Dinner at the Marriot Marble Arch, on Sunday 22nd April.
All activities are targeted at professionals in the Nigerian Diaspora and potential investors.
Already, 10% of Farmcrowdy sponsors hail from outside of Nigeria (UK and US) with approximately 50 sponsors in the UK and they are looking to increase that through this visit.
Essentially, Diasporans can invest in Nigeria’s booming agriculture scene, from the comfort of their own home. From Kent to Kano State, so to speak!
Sounds good? Well be sure to key into this then!
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