Frequently Asked Questions (FAQs)

What is the Contribution all about?

The contribution deals with agro-processing of cassava tubers into end products such as garri, starch, flour, chips, bio-gas, etc., as well as agro-commodities trade such as garri, rice, sesame seeds, soybeans, ginger, garlic, bitter kola, etc.

Such produce are supplied in large quantities to clients/companies, after necessary documents have been gotten ahead of supply as well as background check of clients.

Sales are also done at markets as well as sales for home consumption in case of food stuffs.

 

How safe is my contribution?

Firstly your contribution is as safe as keeping it in a bank.

Secondly, the company is a legal entity and can be sued on event of breach of trust which we have never recorded one till date.

Furthermore, projects are fully insured with one of the most reliable insurance company in Nigeria.

However, it is a well-known fact that every business involves risks taking, but we assure you of putting our best and using our professionalism in getting the right results.

 

What is the minimum and maximum amount one can contribute at a particular time?

The minimum amount for now is #100,000 and the maximum amount is #5,000,000 at a particular time for plan A and B and must be in multiples of #50,000.

While minimum and maximum amount for plan C is #100,0000 and #20,000,000 and must be in multiples of #100,000.

 

Can I run multiple contributions?

Yes.

You can run multiple contributions but profit of your contributions would not be paid at the same time, rather it will be paid on every 30 days or 45 days, based on contribution plan chosen.

 

Do I pay #5,000 for form each time I contribute?

No.

You only pay #5,000 for the first contribution for plan A and B while you pay #2,500 for subsequent contributions (agro-commodities plan A and B) provided same details are filled on the application with same account details for payment of profit.

While it is #10,000 for agro-processing for first contribution and #5,000 for subsequent contributions.

 

How long is my contribution managed by the company?

Contribution is managed at a particular time for 5 months (plan A) with 5%, 6%, 7%, 6%, and 7% profit for 1st, 2nd, 3rd, 4th and 5th month respectively.

It is managed for 3 cycles (a cycle is 45 days) with 8%, 9% and 10% profit for 1st, 2nd and 3rd cycle respectively for plan B.

It is managed for 12 months for agro-processing (plan C) contribution, having 3 months moratorium (period it takes before contribution starts reading, while 11% is paid on the 4th month and 8% for the 5th to 12th month.

 

Do I get my contribution back after maturity?

Yes.

Full contribution is returned 25 days after last profit is paid for plans A and B.

For Plan C (agro-processing), full contribution is paid 15 days after last profit is paid.

 

When does contribution starts reading?

contribution starts reading upon confirmation of your payment for plans A and B of agro-commodities.

While it takes 3 months for agro-processing contribution to start reading.

 

What document is issued upon contributing with the company?

contribution certificate is issued to every contributor on each contribution.

This certificate is issued within 7 days of contribution.

 

When does the contribution/shopping window opens?

It opens between 1st and 5th of every month for plans A and C only.

While that of plan B opens between 14th and 16th of every month only.

Profit is paid between 25th and 30th of each month for plans A and C, and every 45 days for plan B.

 

When was the platform launched?

The platform was launched late 2017.

Our progress, consistency, transparency and rate of delivery has resulted to drastic increment in the number of our contributors nationwide.

We have various contributors in different part of the country such as: Lagos, Oyo, Rivers, Osun, Ogun, Niger, Kaduna, Kano, Abia, Katsina, Delta , Kwara , etc.

We also have contributors in Saudi Arabia, United Kingdom and Canada.

 

How is the Profit calculated?

It is calculated as follow: Take #100,000 contribution as a case study, then profit is: 5-7%: 5 – 7/100 × #100,000 = #5,000 – #7,000.

This means a contributor who chose plan A , 5-7% will earn #5,000 to #7,000 for every 30 days for 5 months.

Same way you calculate for other plans.