RICE PROCESSING INVESTMENT PLAN 4.0.

₦50,000 per unit


35%

return on investment
in 12 months/366 days

706

available units


Investment amount Interest Expected Returns
50000.00 17500.00 67500.00

Additional Information

FarmFunded’s Traction:

The operational arm of FarmFunded Agroservices Limited started their adventure in the rice space by growing rice on a farm in Nassarawa in 2019, as the end of the year was approaching, we entered an agreement with millers around our farm; for them to mill our paddy for us. Fate would have it that the border was closed and rice farmers doubled their capacity.

            This place increased pressures on millers who could not completely process the quantity of paddy the farmers have into rice, and they disowned the contract we had with them but rather than jilter; we got into top gear and constructed a mill in Kano (15 tonnes per day).

            The mill was completed just in time for us to get involved in 2019 rice sales to markets across Nigeria. As a matter of fact, we have produced about 20,000 bags of premium parboiled rice from that period till now.

            Presently, we are cultivating rice and increasing our milling capacity by constructing an Integrated Rice Mill which is billed to produce a trailer load of rice per day.

            Every achievement in the rice space was backed by the confidence and support of our investors. As they funded our rice farm, rice processing, and rice trading over this period. We ensure to reward their confidence in us by staying true to our terms of contract with them even during the economic downturn caused by the lockdown and pandemic.

Rice Processing 4.0:

            The old and new mill will run not just on power but on paddy; the management team plans to produce a trailer load of rice every working day from start of operation in 2020 till 2021. This means your investment will allow us to procure paddy, mill, and bag it, this is the reason the investment term carries a 12-month duration.

            The location of RiPIP 4.0 is in Kano, which is where our warehouse, mill, and office is located. The unit cost 50,000 Naira each, and interest rate has been set at 35%.

            The interest rate is in accordance to projection made for 2021’s Nigeria Economic Outlook and also as the result of the shockwave of the pandemic. The reality of rice farm and infact the food production sector is simply that, farmers’ capacity to produce as much as needed has reduced.

            Rice farmers are expected to start harvesting as soon as heavy rain stops, so they can start drying; but it is expected that paddy will not be sold in the region of last year’s price as many farmers have been affected by the lockdown and insecurity in Nigeria.

            This has different implications on millers, distributors, retailers, buyers, and including you our investor. So we are simply staying true and adjusting to the conditions of Nigeria’s rice sector; we however look beyond the pandemic to the time when Nigeria’s will get back to the zone of steady prosperity. 

Subscribing to the RiPIP entails the following:

 With the Rice Investment Processing Investment Plan, your investment will be channeled to:

 1.       Purchase of paddy rice from farmers.

 2.       Warehousing of the paddy rice.

 3.       Transportation of paddy rice from the warehouse to the mill.

 4.       Processing of paddy rice purchased to premium parboiled rice.

 5.       Transportation of the premium parboiled rice to the distributors' warehouses.

 6.       Payments to Quality Control Officers inspecting and monitoring the processing procedures.

 7.       Comprehensive Insurance Cover on the paddy rice and premium parboiled rice in the warehouse and in transit.

 

 How to invest:

            Go to our website, sign up and click on “catalogue”, then click on Rice Processing 4.0; follow the processing and make payment. The finance team will confirm on your dashboard and send your investment documents to your mail within the space of 24 hours.

F.A.Qs on RiPIP4.0:

Can I withdraw my money before the payout date?

            No! the nature of this project does not allow withdrawing of capital before payout date (which will be stipulated in your certificate of funding).

When does my investment start counting?

            Immediately the finance team confirms your payment, not when the investment plan is sold out.

 

Is your project insured?

Every of our project gets insured at inception, our agric-tech insurance partner requires information and comes to the site for inspection of goods on location before setting the insurance terms. You can contact Leadway Assurance to do your due diligence on our stand with them in terms of insurance.

What happens if the project fails?

Since start of operations, we have not had reasons to default on the payment of capital and interest; but we envisage such scenarios even though we do everything possible to avoid it. In the event of project failure, we are entitled to pay back 100% of your investment capital but without the interest.

Is FarmFunded Registered?

The company was registered in 2018 and we had our 2nd year anniversary this year.

Investment Details:

Unit Price: NGN50,000;

Returns on Investment: 35%;

Duration: 12 months.

Location: Kano State.

How to invest:

            Go to our website, sign up and click on “catalogue”, then click on Rice Processing 4.0; follow the processing and make payment. The finance team will confirm on your dashboard and send your investment documents to your mail within the space of 24 hours.

Frequently Asked Questions


1. It allows you to collaboratively work with farmers and FarmFunded to achieve food security.
2. Allows you grow your food and funds sustainably
3. Scale-up the number of farmers that will be producing food consequently resulting in food sufficiency.
4. Contribute to the reduction of the unemployable youths in the country who will be gainfully employed by farmers.
5. Have food products delivered to you at the end of the farmcycle (Terms & Conditions applies).

Yes, all farms presently receiving fund support from FarmFunded are being insured by leading insurance organisations such as Leadway Assurance Company Limited and the Nigerian Agricultural Insurance Corporation

Returns are earned on the farm funded upon the completion of the farming period(farmcycle), after the farm produces are being sold and funds received, initial funds with accruing returns will be paid to the investors.

When you fund a farm, your funds are aggregated and channeled appropriately to the farms that you have indicated interest to fund.

Usually after funding the farms, you get monthly updates to the email address adequately provided upon proving your details on the login dashboard.