Thrive Agric is a tech-driven agricultural company that is very passionate about ensuring global food security. They get their funds to support farmers from customers and promise to give back decent returns. They get returns at the end of each farming cycle.
By focusing on the African market, Thrive Agric’s main aim is to make it easy for nations in Africa to produce food for themselves, by themselves, and then, for the world at large.
The Thrive Agric App
The Thrive Agric app is available on Android and iOS with ratings of 4.4 and 4 respectively at the time this post was published. To begin, simply download, create an account and choose a farm. Updates of the farm’s progress will be displayed on the dashboard and after maturity, profits from the farm will be distributed among the investors.
It’s important to note that investing in a farm on Thrive Agric is not just on the mobile app. You can also fund a farm, complete all transactions, and monitor your investment on their website.
Investing In a Farm on Thrive Agric
Thrive Agric provides a platform for one of the best investment opportunities in Nigeria – Agriculture. From crop farms to animal farms.
You can only fund a farm depending on its availability. Once a farm is tagged ‘closed’, it means that the number of investment units on it has been exhausted. Before you can access the features of Thrive Agric, you have to sign up with an email and a password.
Once you complete the signup process, you’ll have access to your personal dashboard. From this dashboard, you can monitor all your investments, their expected interests, and their date of maturity.
Thrive Agric has a broad range of farms located in different states in Nigeria Some of their most popular farm locations in Nigeria are:
- Poultry Farm in Oyo state
- Rice Farm in Kano
- Soybeans Farm in Niger
- Tomato Farm in Kebbi
Each farm on the app has a very detailed explanation of what the farms are about and some background information about the location.
Investment opportunity for the farms has its Return of Investment which ranges from 7%-30% depending on the farm. Also, the duration of the farm’s maturity ranges from 3-10 months depending on the farm). The investment amount for the farm and the plots available to invest in are open for investors to see what they are getting.
The platform makes all this information about their investments very clear on the app and site so that users will be fully aware of their investments.
Customers also receive reminder emails as another means to keep them informed.
Is Thrive Agric Legit?
Agriculture is a valuable sector. Thrive Agric is a legit company that allows people to use their money to fund agriculture.
The company has insurance covering with Leadway Assurance Company Limited, a very reputable insurance company. This means that LeadWay Assurance company will provide insurance coverage in the event of any loss both to the farmers and you, the investor.
Their timely payout is admirable, and there are lots of opportunities for people to support farmers and make money from agriculture.
The path to creating wealth by investing in Agriculture in Nigeria is getting clearer, with several other platforms like Farmcrowdy offering the same opportunities and benefits.
What are the Pros of Thrive Agric?
- Your investment matures in less than a year
- There are diverse farms to invest in
What are the Cons of Thrive Agric?
- Payouts can be delayed by a few weeks