A team of Kenyan startup organic farmers has launched a unique crowdfunding/investment campaign. The campaign aims at securing startup capital of at least $10,000 and the team is accepting both donations and investments.
PR-Inside.com: 2017-10-23 12:14:22
Migo Ranch & Farms, the startup organic farming business aims at making business friends from around the world. The business’s friends will feature on its farming website once the promoters have launched their organic farming activities.
The startup business is running its campaign on Gogetfunding (gogetfunding.com/inclusive-organic-farming/
). Both individual and established angel investors now have the opportunity to not only invest in an African startup business but also establish a long-term business relationship.
In response to fielded questions, Mr. Gard who is the startup business’s lead promoter explains, "Ours is a startup organic farming business sourcing for startup capital. Our business is properly registered and we have opened a business bank account. While we crowdfund from individual donors, we also give both small and large angel investors the opportunity to invest and earn returns".
The startup organic farmers are not only trained in organic farming. They have received valuable entrepreneurship training provided by SEED (www.seed.uno
) through its starter program. The team has also received business capacity-building training provided by Bridges for Enterprise (www.bridgesforenterprise.com
), a society based at the University of Cambridge.
The startup business is adopting what the promoters refer to as CrowdFarm model of farming.
The model involves the recruitment and training of rural-based peasant farmers in three key areas.
Training in organic farming techniques will equip the farmers with the necessary skills for sustainable ways of farming. These include crop rotation and minimal tillage among other sustainable ways of farming.
The farmers will also benefit from training in herbal gardening. They will be introduced to the herbal plants that research has shown that are effective in eliminating crop insects. The farmers will be introduced to the art of formulating natural pesticides (bio-pesticides) from the plants.
A very important part of the training will be the training in vermiculture. The recruited farmers will be introduced to the art of worm farming. The training will be able to produce organic fertilizer to use on their farms.
The team’s business model involves the allocation of the trained farmers to different groups. The different groups will in turn be allocated different types of vegetables to produce on their own farms.
The business will buy all the produce by the farmers. The produce will then be sorted, marketed and sold to already identified customers.
The business is already in talks with several hospitals, prisons, established hotels/restaurants and schools for vegetable supply contracts.
According to Mr. Gard, the business has already secured a 3-acre prime farm where piloting was completed two months ago.
The startup organic farmers plan to start their organic farming activities in early December and are banking on both individual donors and angel investors to secure the necessary startup capital.