FAQ
Understanding MoneyFarm
Money farm is The Gambia’s 1st Agric Tech platform developed by Innovative Minds a new Gambian start-up company and whose mission is to create wealth in Africa starting with The Gambia, one rural farmer at a time. We do this by creating an online platform for “everyday people”, to engage in the agricultural value chain by sponsoring farms in rural communities.
In achieving our goal, we empower the rural farmer in the form of providing access to improved sources (including Farm inputs, education on satisfactory farming techniques, income of farm produce for higher value) to enhance the quality and quantity of their meals production and additionally provide a healthy income after harvest for both farmer and investor.
We are a team of dedicated, young Gambians who have a passion for agriculture and farming (all forms) with diverse backgrounds. Our common goal is to seek for ways to impact on rural farmers, contribute to the growth of food production, improve food security in The Gambia, and to ensure more youth participation in Agriculture.
- two decades experience in Information Technology Management.
- five years entrepreneurship.
- 12 years economic control knowledge.
In addition to our partners, we are collaborating with a team of agricultural professionals who have the requisite expertise in various disciplines in Agriculture.
Get to know more about our mobile App?
We launched the Moneyfarm mobile app so that you can easily access and be a part of the agricultural revolution from your mobile phone.
By downloading the Moneyfarm mobile app, you will be the first to know via push notifications once a farm is open for sponsorship so you can make a healthy profit while sponsoring a rural farmer.
We released the cellular app so it’ll be easy for our users to sponsor and display their farms. With two-clicks, you may get entry to your Moneyfarm dashboard and display your farms through textual content, picture and video updates.
You will also receive notifications whilst we publish weblog posts, so you get necessary information at the proper steps and alternatives to be had for you in the agriculture area.
Click this link to download the app from the Google Play Store or Click this link to download the app from the apple store.
After downloading the app, please sign up for a new account by entering your name and email. You will then be redirected to either sponsor or follow a farm. If you have an existing account, please login and start monitoring sponsored farms from your dashboard.
You can use any smartphone that has an Android 4.4.2 operating system or higher.
If you experienced a blank display screen after downloading the app, please double-take a look at to make sure your working system is a superb suit and that the app is up-to-date.
Our developers are continuously running on the app to launch up-to-date versions and we currently have a new replace, so in case you are experiencing any problem, just down load the updated model.
This app makes it really easy for you to sponsor farms when they are available for sponsorship, regardless of the type of farm that is available.
The Moneyfarm mobile app has been uploaded to the Google Play Store and is verified by Play Protect, Google’s mobile security system that keeps your data and app safe. For the app to work on your mobile, please visit this link to download, install and sign up in the app.
Asides sponsoring and following character farms, we often put up information updates that you could interact with by using liking and sharing on social media. You can also send put up tips and ask agric-related questions from our account officials.
It means with the mobile app, you can farm from anywhere, anytime. Our mobile app makes it easy for you to select a farm of interest, sponsor the farm and receive bi-weekly farm updates.
You can learn more about our platform, team and vision by visiting Moneyfarm.com/about.
How to start farming these days?
First you have to sign on on our internet site to create your own customized Moneyfarm profile, you then choose a farm of desire to sponsor. You invest in the farm, and at the quit of the farm cycle stipulated, you’ll get hold of a percent of the earnings after the sales of harvest and also your preliminary investment capital.
Joining is straightforward! All you are required to do is to click on on the ‘Sign up’ button at the top right nook of the page.
You may be directed to a page that requires you to sign up the usage of both your fb account or an current e mail address. An authentication electronic mail may be sent on your personal e-mail cope with, confirm your email deal with, and automatically you get a Moneyfarm Profile Page.
We are a team of passionate men and women between the ages of 25 and 40, who have come from the Agriculture, Finance and Technology sector. Our common goal is to seek for ways to impact on rural farmers, contribute to the growth of food production, improve food security in Gambia, and to ensure more youth participation in Agriculture.
Visit our homepage and ‘Sign Up’, to create your specific Moneyfarm Profile with the aid of supplying all of the facts required. You can either join up with your electronic mail address or your Facebook account.
– Go to our Farmshop and pick out any farm of preference (N.B. That is subject to availability)
– Invest in a given number of Farm Unit(s)
– Receive everyday feedback of all farm activities via our ‘Farm Updates’
– At the end of the Harvest, the Farm Produce is sold and the Investor is paid a ‘Returns-after-Harvest’ .
Visit our homepage and ‘Sign Up’, to create your unique Moneyfarm Profile by providing all the information required. You can either sign up with your email address or your Facebook account.
– Go to our Farmshop and select any farm you want to follow
– Click on “Follow this farm”
You will receive regular feedback of all farm activities through your dashboard on our website
Farm Followers are folks who sign on on our platform actually to get records about the farm of their preference. They receive periodic updates that informs them of farm sports on the farm in real time. Anyone can be a Follower, there aren’t any restrictions and join up is surely loose, however you are not entitled to any payment or return after harvest.
Farm Sponsors are folks that sign up, pay to fund any given wide variety of farm unit(s) and acquire the returns after the income of harvest. Farm Sponsors on the cease of the farm cycle receives their initial sponsorship capital, and a return after harvest that is typically between nine% – 25% (flat fee) relying on the farm they sponsor. Farm sponsors will also get periodic updates in form of photos and movies, with this they are able to monitor the increase in their farm from its infancy to complete adulthood.
Click on the farm you want to sponsor, pick out the range of farm gadgets you want sponsor and click on “Buy now” icon.
You could be directed to another web page to “test out” your order and to agree to the phrases and situations stated.
After that pick out the payment options such as Paypal, Visa/Mastercard, GTBank Mobile Money, EcoBank Mobile Money, QODOO, AfriMoney or you could chose the bank transfer alternative which could require you to use your financial institution token to complete the transaction.
- First you will receive a ‘Farm Allocation Email’ which acknowledges receipt of investment in the farm, the location of the farm you invested in, the farm cycle tenure and the end date of your farm cycle.
- On a periodic basis, you will receive farm updates which keeps you abreast of all activities on your farm, from the beginning to the end of the farm cycle.
Understanding how my Investment works?
Moneyfarm is constructed to offer Farm investors periodic updates; we send bi-weekly updates for farm cycles which can be 6 months and much less and we will send month-to-month updates for farm cycles which exceed 6 months. Farm updates are written reports, images and films showing the development being made at one of a kind levels of the farm cycle.
Depending on the farm you select, the cycle can run from 5 months to 12 months.
Farmer – 50% of the profit
Farm investor- 40% of the profit
Moneyfarm – 10% of the profit
On each farm, we’ve got furnished the Profit Simulator for you that allows you to calculate your go back on investment. You can boom or decrease the quantity of farms you purchase and it’ll calculate your net earnings at the side of your preliminary capital.
The minimum number of farms you can invest in is one (1) unit of any farm, and you can sponsor as many farms as you so choose but this is subject to the farm availability.
General farm visits are organised on a periodic basis for present Farm Sponsors. Notifications are generally sent out to sponsors informing them of the go to and we generally ask them to affirm their availability for the go to. Sponsors might also put in their request for a farm go to, this will be organised as properly however challenge to positive phrases and conditions.
Yes, you can invite friends from Facebook/ or any other social media platform to join you on Moneyfarm. Use the invite friends button on each farm page.
Each of our farms have a fixed farm cycle length. This is decided by taking into cognisance the gestation length required for every farm. As it’s simply not possible to wilfully interrupt the cycle of any crop or cattle/poultry etc we are unable able to ‘terminate’ the farm cycle of any given farm. However, at the end of the stipulated farm cycle, and the investor acquires his/her investment returns after harvest, the option of re-investing rest with the investor.
Moneyfarm has a group of Agric professionals and technical companions whose number one duty is to ensure that our farms observe widespread farm control practices even as employing the maximum current farming techniques, progressed seedlings and modern farm system; to make certain that we’ve the high-quality farm yields.
We but aren’t ignorant of the peculiarity of the arena wherein we operate, consequently we’ve got taken good enough measures with the aid of insuring all our farm initiatives to mitigate in opposition to any unforeseen risks that could result in lack of the investor’s capital.