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The Starter Package

The Starter Package allows a sponsor to leave his money with FarmKonnect for a period of 24 Months. In this package, the sponsor simply buys minimum of one slot of the package at ₦25,000. The package runs for tenure of 24 months after which the sponsor can cash out his money. In the Starter package, the investor is paid an equivalence of 320% of his capital. This includes the capital itself. All sponsorship must be in multiple of ₦25,000.

The features of the Starter Package include:

Features:

  • One slot of the package at ₦25,000.
  • The package runs for a minimum period of 24 months.
  • You can have multiple slots.
  • The package can run concurrently with other packages.
  • Easy to set up and liquidate.
  • A total payout of 320% which includes the initial capital.
  • Terminates automatically at 24 months.
  • We bear your risk.
  • You can activate package via, mobile app, web app or long code channels.
  • Monitor your portfolio through our mobile or web applications.

So for example, if James decides to buy 10 slots of the Starter Package at ₦250,000, the funds will be with the Company for a period of 24 Months. At maturity, the sponsor will be paid a sum of 800,000 Naira, which includes:

Initial Capital: ₦250,000.

Return on Investment of 220% at ₦550,000.

Total = ₦800,000.

WHY STARTER PACKAGE?

The Starter Package is for those who are willing to commit their funds to Agriculture for a period of time. Not everyone wants to earn monthly or weekly, some understand that patience is wealth in Agriculture and they are willing to have their money work for them for a period. The advantage of the Starter Package is the time it affords the Company to reinvest the capital and its profits into the project so as to generate more rewards for the Sponsor and the Company. So it is a great benefit for interested persons to have a saving somewhere which also generating passive income for them. It is a smarter way to save because your money makes you more money while you sleep.

WHO CAN DO IT?

Anybody can be part of the Starter Package.

HOW DO WE GENERATE SUCH HUGE REWARDS?

Massive return on investment in agriculture may ordinarily not be guaranteed. But at FarmKonnect, we utilize the funds from the Starter Package in projects that have rewards of about 40% to 50% within a gestation period of usually for 6 months. So we approach it as follows:
Assuming we got ₦100 from a sponsor and we made 40% per Production Cycle, in 24 months we will have the following cycles.

Cycle 1:

Capital is ₦100 and the profit is ₦40. Thus value of fund is now ₦100 + ₦40 = ₦140

Cycle 2:

New Capital = ₦140
Profit = 0.4 x ₦140 = ₦56
New Value is = ₦196

Cycle 3:

New Capital = ₦196
Profit = 0.4 x ₦196 = ₦ 78.40
New Value is = ₦ 274.40

Cycle 4:

New Capital = ₦274.40
Profit = 0.4 x ₦274.40 = ₦109.76
New Value is = ₦384.16

We take = ₦64.16
You take = ₦320

THE EXIT PLAN?

Automatic liquidation at maturity will credit the sponsor’s wallet with the capital and the accrued profit. The Sponsor may then cash out by:

  • Withdrawing money to his/her banks account. Or,
  • Re investing the money in any other package as he/she deems suitable.

Your Reward is as follows:
A slot of the Starter Package is ₦25,000 only.
After 24 Months, for every ₦25,000 you earn:

Capital = N 25,000.
Profit = N 55,000.
Total = N 80,000.

Therefore, for example, your total package is 1,000,000 Naira. After 24 months, you earn:

Capital = N 1,000,000.
Profit = N 2,200,000.
Total = N 3,200,000.

Download this file to view the profit accrued over time