afriboom Gmbh

The project owner and issuer of this investment project is afriboom GmbH. The implementation is supported by the subsidiary, "The German House Cameroon", based in Douala (Cameroon).

Five Farmer Communities

About 50,000 people live in Kapethe Village. Among them are a total of 158 farmers, each of whom owns different sizes of land. They all belong to the five farmer communities, which act collectively in the interest of their farmers.

Support:

In this project, "Managers Without Borders" and "alga Nutzfahrzeuge" are also supporting us in our plans, not only financially, but also with important know-how and equipment.

Through the mandate issued, 5 communities have given us which 158 Farmer the opportunity to go as far as the 10,000 hectares Cassava to grow. This project is a "open project". This means that we cannot and will not set a fixed funding amount at which the project is successfully completed. Therefore, we have structured the project into Three project phases which we would like to complete step by step. So far, all the necessary Licences procured. The project is therefore already in the starting blocks and is only waiting for financial means for implementation. The farmers and communities in charge have already taken samples and tested the soils, confirming that they are optimally suited for the cultivation of cassava.

Notice pursuant to Section 12 (2) of the German Investment Act (Vermögensanlagegesetz)

Notice pursuant to § 12 para. 2 of the German Investment Act (Vermögensanlagegesetz): The acquisition of this investment involves considerable risks and may lead to the complete loss of the invested assets.

Cassava - alternative to wheat and potatoes

Cassava is one of the most important food crops in the world.

Manioc is the name of the root tubers of the shrub (Manihot esculenta). It belongs to the spurge family and thrives mainly in Africa, the Caribbean, India, Asia and South America. Cassava grows on sandy soil in a slightly tropical climate. Cassava, along with rice and potatoes, is one of the most important foodstuffs in the world and serves as a means of survival for approximately 500,000,000 people. The cassava root can grow up to one metre long, with a diameter of about 20 centimetres. Although the "tropical potatoes" are hardly found in Europe so far, they should definitely be considered as an alternative to wheat flour. They provide twice the energy as the same amount of potatoes/wheat and are also gluten-free, rich in calcium, vitamins and iron.

Thus, almost all products made from wheat can also be obtained from cassava and its transformed forms.

About 50,000 people live in Kapethe.

Unfortunately, the majority of the inhabitants still rely on subsistence farming. We want to change that by creating both sources of income and jobs.

What is most convincing is the will for independence and success that the residents have conveyed to us. In the past, they have successfully raised 13,400,000 ($3,100) Sierra Leoneans through crowdfunding (via the kiva.org platform) to cover their most urgent financial needs. Some have used this loan to pay school fees for their children, others have bought land. At the end of each month, they could easily repay the loan with their monthly salaries. It was the school administrator of the school at that time who was directly responsible for making the deductions from their salaries and repaying the loan on behalf of the team.

Afriboomcrowd is a crowdinvesting platform initiated by afriboom GmbH for profitable African projects with a focus on developing and emerging countries. The crowdinvesting platform afriboomcrowd enables private investors to benefit financially from a diversity of African projects from the portfolio of afriboom GmbH and at the same time to support local economic development in developing and emerging countries as well as to fight poverty.

The online platform afriboomcrowd is operated by CrowdDesk GmbH. CrowdDesk GmbH is a company independent of afriboom GmbH.
 The cooperation between afriboomcrowd, CrowdDesk GmbH and afriboom GmbH works as follows:
As part of the cooperation, afriboom GmbH focuses on identifying and selecting suitable projects that are proposed to the crowdinvesting platform afriboomcrowd for placement. As a technical financial service provider and financial investment broker, CrowdDesk GmbH provides the technical infrastructure and commercial services and operates the online platform afriboomcrowd

As an investor, you receive a return of 5.00 % p.a. (+ 0.50 % in the case of the Early Bird Bonus). (+ 0.50 % in the case of the Early Bird Bonus) with a term of 5 years, for the first time on 01.07.2021.. Repayment is made together with the interest payments owed as part of the annuity payments (annually).

Contribute to effective development aid now and invest in this project

End customers in this project are both afriboom GmbH and directly the individual farmers and their communities, who repay their loans back to afriboom GmbH.

Secure a higher interest rate of 5.50% instead of 5.00% in the first weeks of the campaign. Simply invest until XX.XX.2020 before 23:59 hrs.

As soon as the project has reached the funding threshold, we will be able to start.