Since its unveiling two months ago, the platform has proven its creator and investors right that agriculture is a feasible business and a reasonable way of empowering members of the society.
The astronomical rise number of registered members on the platform and the exceptional volume of the transactions recorded so far speak volume about the impact the platform is making in Nigeria’s agriculture and insights to the long-term gains accruable to the country, farmers and the agribusiness community.
The positive response and the results are further reinforcements on the feasibility of agribusiness in a world turned upside down by the coronavirus pandemic.
A viable approach to Agribusiness floated specifically for farmers, traders, agripreneurs and agro-allied investors, the National Export Promotion Council (NEPC)-licensed Viable X platform offers farmers instant loan, serves as a virtual marketplace for trading in farm produce and facilitates export financing for commodity.
The platform safeguards investors’ fund with goods-in-transit and marine insurance policies from Leadway Assurance and so far.
With the track records of fu investment dividends to Farm4Me Investors, 50% return on investment (ROI) in four months is a bankable promise for Viable X Export Financing Investors.
In a country where agriculture has been neglected and downgraded to the preoccupation of the rural poor, providing collateral-free loans, ranging from N50, 000 to N200, 000 for smallholder farmers, has been an innovative approach to turning around the fortune of agriculture and those working in the sector in Nigeria.
“All that is required is three guarantors and credit history verification from credit bureau, and a loan is granted and extendable by repayment,” reveals Adama J. Adama, Viable X’s CEO.
Adama has been an initiator of game-changing agriculture initiatives since the debut of his first initiative Farm4Me, a Nigerian premium agribusiness outfit that successfully pioneered contract farming in Nigeria since 2019 till date.
Of the viability of Viable X, he avows, “the platform was created to change the face of agribusiness in Nigeria.”
Thank
ReplyDeletePost a Comment