The democratization of investment in the Colombian countryside is a challenge due to the deficit and the financial gap that the agricultural sector must face today. In fact, the Fund for the Financing of the Agricultural Sector (Finagro) calculates that it only manages to finance 10% of what it costs to produce and market food in general.
Given this situation, the need to connect agricultural projects with different sources of investment became a need that began to be addressed by the Agrapp platform since 19 months ago, by focusing on uniting a community interested in investing from $ 1 million, with the possibility of obtaining returns of 16% annual cash on average, with ideas from the field.
Agrapp Executive Director David Duarte explained how resources reach producers. Initially, they identify the intention to invest, and from there they focus on supporting the farmer in terms of technical and financial structuring. It ends with technical assistance led by agricultural engineers and commercialization via contract.
The spokesperson also highlighted the numbers that the company has registered in its 19 months of operation, since it has financed more than $ 1.2 billion in the total value of crops, and more than $ 320 million in financing given by the company.
At the moment, its operation is focused on exotic fruit crops for export such as gulupa, granadilla, passion fruit and cape gooseberry. The projects they work on are located in departments such as Cundinamarca, Córdoba, Valle del Cauca, Antioquia and Quindío.
For now, the expansion plans target Santander and Huila, according to the executive. Regarding the sale of products, the platform has to date with three allied marketers in Quindío and Cundinamarca, although they are currently seeking to expand the marketing network.
Agrapp has ten funded projects, two canceled and one open. To access its benefits, Duarte commented that it can be done with vacant lots to start from scratch with work, but they also offer support in advanced projects.