Jattat

Over 40% of food produced in Nigeria is lost during the post harvest process due to poor logistics, storage & distribution facilities. To solve this problem we built an agritech platform that enables individuals finance the post harvest process of transporting, storing & distributing food items. 

Investors funds are warehoused with an agric trading firm that trades the agric produce under our supervision and at the end of an investment tenure which ranges from 3 months to 12 months, the investors get back their capital with profit. The investors get 40% of the profit, we take 20% & the agric trading firm takes 40%. 

Trade is responsible for the growth of economies globally; if this idea is scaled globally it'll enable as many people as possible participate in the process of ensuring food security globally while reaping decent profits too.

In Nigeria over 40% of food gotten from harvest is lost due to poor logistics & storage facilities. Farmers produce and sometimes overproduce and they face the problem of getting it to the market or storing it when its excess ahead of when the produce will be scarce.

They're several individuals that'll love to participate in the agric industry but they're either not willing to get directly involved in the process or they're constrained by their day jobs,etc.

We match these two categories of people and enable them add value to each other.

We're working on improving the lives of farmers by providing them with the necessary finance & infrastructure to store and distribute their products.

The farmers just have to produce; we handle everything involved in the post harvest process for them.

Jattat is an online  platform that connects farmers to sponsors who are eager and ready to sponsor the post harvest process of agriculture.

The sponsors get to choose which food items they want to sponsor & their investment tenure. Investors funds are warehoused with an agric trading firm that trades the agric produce under our supervision and at the end of an investment tenure which ranges from 3 months to 12 months, the investors get back their capital with profit. The investors get 40% of the profit, we take 20% & the agric trading firm takes 40%. Investors funds are insured by Leadway Assurance to ensure the security of their funds. 

We've simply made it easy for individuals to participate in the process of ensuring food security & sufficiency from the convenience of their laptops or mobile phones.

An online platform that works enables sponsors/investors select the foodstuff they want to sponsor, their sponsorship commitment and their investment tenure. 

We currently have over 15 sponsors that have invested over $5,500 via our platform and we've been able to reach over 50 farmers.

We're currently 15 sponsors and 50 farmers; in one year we'll serve at least 100 sponsors and 1,000 farmers and in five years we'll serve over 10,000 sponsors and a million farmers.

Within the next one year we'll be working directly with all the farmers in the south south region of Nigeria and we'll enable at least 1% of Nigeria's population participate in the process of ensuring food security & sufficiency in Nigeria and beyond via our platform.

They're basically financial and team issues: getting access to adequate finance & recruiting the right hands.

To overcome the issue of funding, we'll create adequate awareness for our platform. To overcome the issue of team, we'll work with experienced hands that'll assist us in the hiring process.

4 full-time staff, 2 contract staff & 2 part-time staff.

We're born & raised in Nigeria; we've all experienced hunger in one or two phases of our lives especially during secondary school. That's enough motivation for us.

We partner with Leadway Assurance, a leading Nigerian insurance firm to ensure investors funds are secured.

Our business model connects investors to a trading company that uses their funds to trade agricultural produce. At the end of an investment tenure, investors get back their capital with 40% of the profit, 40% goes to the trading company and 20% comes to us.

We'll raise donations & grants and also raise investment capital while working towards achieving profitability.

Raise funding, secure a network of mentors and like-minded individuals and get access to people with technical skills.

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Most of the farmers involved in the agric value chain in Nigeria are women. With our project we're empowering these women to farm more and ensuring they have a sustainable livelihood.