12:01 AM, June 24, 2017 / LAST MODIFIED: 03:44 PM, June 24, 2017

Connecting farmers and investors in the Philippines

Connecting farmers and investors in the Philippines

The making of farming entrepreneurs. PHOTO: CROPITAL
The making of farming entrepreneurs. PHOTO: CROPITAL

Founded by a group of young Filipinos, social enterprise Cropital has developed a crowdfunding site that aims to provide technical and financial support to smallholder farmers in the Philippines. Launched in November 2015, Cropital has provided financial support to around 560 farmers across the Philippines to date. The enterprise is globally recognised and is supported by various organisations in the Philippines and abroad, including the US, Netherlands, and Malaysia.

The enterprise helps farmers reduce the risks in farming and improve productivity by processing crop insurance, providing a buyer, and offering training and access to technology partners. At the same time, Cropital provides an alternative medium for investment with faster and higher returns. The amount of investment ranges from P5,000 to P50,000. To date, Cropital has raised USD 120,000 worth of investment. The rates of return for investors range from three percent to 30 percent in less than six months.

Cropital was awarded Philippine Social Enterprise of the Year at the Philippine Rice Bowl Startup Awards 2016.

https://www.cropital.com/

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