Agricmedia Farmers Multipurpose Cooperative Society Ltd (AFMCS) is the hallmark of our agricultural investment services; it is done in-conjunction with state governments, financial institutions such as Bank of Agriculture, Bank of Industry, commercial banks with Agric Desks and corporate agricultural companies.
The AFMCS is strictly monitored by members, patrons, advisers, independent foreign observers/advisers and respective government agencies. AFMCS is strictly governed by the agricultural multipurpose cooperative society laws of Nigeria.
We have a target of 30 to 50% Return on Investment (RoI) on the invested capital per annum depending on the business terrain.
- Profit Sharing (Shares): Primary profit sharing is done at the end of the year on the invested capital.
- Profit Sharing (Monthly Contribution): Secondary profit sharing based on accrued profit, sharing is done at the end of the year.
- AFMCS takes 2.5% of accrued proceeds from various investment (Primary, Secondary or any others)