Attractive Cocoa Farms Investment Package - Outright Purchase Of Cocoa Farms
About FADU
The Farmers Development Union (FADU), an NGO, is a membership organization of Nigerian farmers numbering over half a million members. Since inception in 1989, FADU has created structures and program activities to improve members’ living standards.
FADU has a permanent core of Staff, who combine extensive experience designing and managing development programs with background in agriculture, business, finance, community development, rural sociology and food technology. FADU has 346 program employees, consultants and volunteers. FADU can access expertise in other areas
An Attractive Cocoa Farms Investment Opportunity
A rare opportunity to purchase 400 hectares (1000 acres) of Cocoa farms in 400 Packages of 2.5 acres (1 hectare each).
Each package sold would be registered in the name of the purchaser and Comprise 2.5 acres cocoa farms (1 hectare) producing 1 Tonne of Cocoa Annually . The purchase price would also include the cost of cultivating the Cocoa till harvest. The Farms And the cultivation Programme would also be managed by FADU
Interest of 2.8% Per Month paid on Cultivation costs
Each package would also include A a loan note for cultivation till first harvest in 2024 to include all fees. This will be provided upfront to FADU to be loaned as per a loan agreement signed with FADU, to FADU Community Associations at an interest rate of 2.8% per month on the outstanding balance, and fully guaranteed by FADU as Microfinance loans
FADU have been providing microfinance to their members since 1989 and have a miniscule default rate as loans are cross guaranteed within the individual FADU Community Associations and ultimately guaranteed by FADU itself.
Each Package also includes Tokens in the Online Crops Marketplace from Which the Cocoa is sold
FADU is currently embarking on a Digitalized Trade Programme for the benefit of its members, via the Crops.Trade Online marketplace
Crops.Trade, is the Online Crops Marketplace Detailed. More details below. Crops.Trade is a TRade Gateway which is part of the TRADE GATEWAYS programme. Each individual package will also include the provision of TRADE GATEWAYS Tokens to provide Cocoa Farm Holders a Stake in the Electronic Marketplace that sells their cocoa
COCOA FARMS INVESTMENT PACKAGE STRUCTURE
The components of each package would be registered in the name of the purchaser and Comprise:
FADU STRUCTURE AND OPERATIONS
The Farmers Development Union (FADU) at creation, has the mandate for:
The FADU Membership is 524,000. The membership is organized into 104,494 groups (of five people each), 52397 Societies (each made up of two groups), 3,618 Districts (containing at least ten Societies each) and 754 grassroots zones.
The group ensures discipline among its members of five, while the society links FADU for financial service to the members. The District performs overseeing role, screening and guaranteeing societies for eligibility for FADU loans. The grassroots zones provide platform for knowledge and experience sharing among Districts. The apex Union (FADU) provides technical support and financial services to all the formations within the grassroots structure.
