Kurigram Fish Farm - 3
Bangladesh is considered one of the most suitable countries in the world for freshwater aquaculture, because of its favourable resources and agro-climatic conditions. Aquaculture and fisheries together contribute 3.61% to Bangladesh's national GDP and around 24.41% to the agricultural GDP (DoF, 2017). The last ten years of the average growth performance of this sector is almost 5.43%.
Pangas is a relatively new and fast-growing fish species that has great potential for production and export growth in Bangladesh. However, production following the artificial propagation practiced over the country and it gained much popularity in Bangladesh because of its rapid growth, ease culture technique, high disease resistance and tolerance to a wide range of environmental adaptation. It has been a good source of protein and calories for poor, medium and better-off people in rural as well as urban areas.
Tilapia as hardy, fast-growing, short term, suits in freshwater to brackish, smaller to larger water bodies, cope with different cultural patterns, taste with no muscular bone becoming popular day by day. Tilapia is produced in a wide range of culture systems, including small-scale, low-input, rural ponds, semi-intensive, intensive and commercial operations. Harvesting of tilapia starts as soon as fish reach marketable size.
For people who are interested to be part of this farm, they can purchase a value per unit of BDT 22,000 or equivalent to 290 kg of Tilapia/ Pangas. The duration of the project is 6 months with a projected profit sharing of 8.5% which will be distributed at maturity.
How It Works
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What should be my expectations from my Fish farm share?
iFarmer purchases the production from the farm on behalf of the ‘Funder’ in the designated farm in advance and ensures proper management against risk and also provides inputs, advisory and market access to the farm.
On completion of your fund payment, you will be allocated with a total production of one farm, based on the availability in the project location and issued an Client Contract bearing your name and the number of the unit only for one production cycle.
Afterwards, iFarmer will work as your portfolio manager for the agreed time period, and before the contract, the period ends you will receive your basic fund along with the offered dividend.
What iFarmer offers as my Portfolio Manager?
Team iFarmer purchases the production from the farm on behalf of you in the designated farm in advance and ensures proper management against risk and provides a 360-degree regulatory service for the farm.
What happens if my share fails to provide the return?
iFarmer has a team combined with agricultural, aquaculture, livestock and relevant industry experts who carefully select each farmer and are dedicated to counter any unavoidable circumstances within their best capacity. However, if the ecosystem goes beyond our control iFarmer will give back your basic fund along with the offered dividend before the due date.
What will be the mode of payment and how are you going to disburse it?
On completion of the cycle, you will receive your principal amount and dividend in your designated bank account shared in your iFarmer profile.
Is the return amount fixed? or can that vary?
For our Fish Farm, we are offering a fixed return to our funders.
How many shares can a person buy?
One person can buy a maximum of 2 shares under his or her name.
Can anyone buy a Fish Share from outside Bangladesh?
Yes, only the personnel having a bank account in Bangladesh can fund.
How does my Fish share value increase over time?
We purchase the production of each farm before the produces are market-ready, with the help of our expert team we collect the fish production when it’s ready and sell it to our B2B partners to ensure the funder a better return.
Can I visit the farm?
Yes, you can. You only need to inform us in advance to ensure that you get the best welcome possible.
What are the benefits of being with iFarmer?
There are many benefits but here are the mentionable ones:
1. The joy of being part quality agriculture production.
2. You are contributing to food security by funding in agriculture.
3. You become an “Urban Farmer” and everyone enjoys the production.
4. You are creating jobs where they are needed the most.
5. You make a good return on your money whilst enjoying all of the above benefits.
Not convinced yet?
Team iFarmer understands the value of your time, faith and money. Our team continuously appraises your funding for something much greater than monetary return.
Refund your Funding
iFarmer allows you to take back your funding within 1 week with 100% refund.
iFarmer team consists of sector experts with professional experience working in various high valued national and international projects.
Certificate of Ownership
Each funder will be provided with a Certificate of Ownership Farm (COF), which also explains the ownership of the unit with complete details.