Icanfarm has partnered with farmers in Homabay County (Kenya) to grow Sunflower - a high demand crop for the production of sunflower seed oil. Sunflower oil is an extremely healthy vegetable oil that can replace some of the less healthy cooking oils available on the market.The demand for sunflower oil in Kenya alone currently outweighs the supply.
Size - 100 acres divided into each 1 acre unit. Highly scalable with ongoing recruitment of more farms.
Stage: Farmers have been mobilised and ready to start farming
Market: Buy-commitment signed with large offtaker
What your investment covers:
1. Cost of production and management for one unit (1 acre)
2. Harvesting and aggregation costs
3. Two farming cycles in 1 year
Minimum investment duration is 1 year. Payback to investors will be done twice a year as follows:
At 6 months: 50% of accrued profit
At 1 year: Principal + 50% of accrued profit
Investor can fund multiple units and opt for the principal to be recycled for multiple farming seasons while making promising returns every 6 months.
Investors will receive periodic updates on the project status on their account. Farm visits can be arranged for investors only.