Turning Subsistence Farming into an Investment Opportunity
How a new Nigerian tech startup is turning small scale farms into financial investments
How do you pull subsistence farmers in Africa out of the cycle of poverty? All you have to do is help them produce more food than they need to survive. But to do that you need money and a new company in Nigeria has designed a smart way to provide it. Farmcrowdy connects farmers with online urban micro-investors. The investors finance the production of chickens, vegetables or grain and receive a guaranteed financial return – and the farmer makes enough to start to grow their business.
Producer: Shabnam Grewal
Presenter: Dougal Shaw
Photo Caption: The Farmcrowdy app
Photo Credit: BBC