About Agrorite
Agrorite is a digital agricultural platform that connects smallholder farmers with Finance, Smart farming solutions and Premium markets.
Agrorite platform connects farmers with finance (by pair to pair lending or financial institution).
Agrorite also enables financiers earn decent income and learn the rudiments of agribusiness.
Agrorite is founded by Toyosi Ayodele in 2019 to aid achievements of some major SDGs.
Social Media Handles
You can reach Agrorite on the following social media handles
Facebook:
https://m.facebook.com/agrorite
Twitter
@agrorite
Instagram
https://www.instagram.com/agrorite_/
LinkedIn:
https://www.linkedin.com/mwlite/company/agrorite
Questions and Answers
Who Is An Agroriter?
Agroriters are registered individuals on agrorite.com that fund farming projects and earn profits
How can I become an Agroriter?
You can join Agrorite by signing up with your email on the website.
Choose your farm/investment options from the accessible farms after you sign up. Choose the amount of unit you’re prepared to finance. Then go ahead to make payment.
You will on a regular basis get updates on all the farms/investments you have and also newsletters to keep you informed about the progress of your farm. These will be updated directly on your custom dashboard.
Expected returns of proceeds from produce are distributed to all subscribers to a farm upon harvest. This takes place within the stipulated tenure period
What Is My Money Used For?
Each unit price has been thoroughly considered and broken down before actual prices go up on the website.
When you see a unit’s price to support a farmer for each crop, it’s been carefully measured to account for everything it takes to start and complete a farm activity. Your funds cover a host of things like purchasing from planting to processing all kinds of input and farm operation logistics.
Am I insured?
Agrorite provides insurance cover for all current farm projects, so that the sponsor’s money can be reimbursed in the case of unforeseen circumstances. The insurance covers only the initial sponsorship money, the return after harvest is not insured
Will I Get A Monthly Interest?
Unfortunately, returns (capital and interest) are paid at the end of the farm cycle
Agrorite Investment Plans
Agrorite provides wide range of farm projects for investors to sponsor for a specific farm cycle.
The farm cycles varies with respect to farm produce/crop being planted. This is between the periods of 4 to 8 months.
The return on investment of each farm unit after the farm cycle is often 20%.
Sponsor may choose to fund more than one farm unit. For example, if you purchase 3 units of a poultry farm worth N60000 per unit at 20%. Your ROI shall be calculated as 20% of the total amount invested. In this case, your profits are 20% of N180000, which is N36000, and a total of N216000 will be paid back to you.