Duration

12 months

Min. Investment

৳ 10,000

Projected ROI

11% per annum

Risk Grade

B

Repayment

1 installment

Overview

Garden Fresh Bangladesh is an agri-business that imports seeds and sells them. Sales are made through both retail and wholesale channels. The business is looking for funding to increase its inventory and tap into more markets.

 

This is a “buy-and sell” (Murabahah) contract where investors can enjoy an ROI of 11%* over 12 months (annualized expected return 11%).

 

*subject to investment risk (details below)

Kallyanpur, Dhaka, Bangladesh

Garden Fresh Bangladesh

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Goal: ৳ 300,000
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By Saif
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The Business

Accordion Content

Written by Garden Fresh Bangladesh

Our story began in 2018, as a small side hustle catering to home garden enthusiasts. But over time, it evolved into a bigger dream – one that extended beyond just selling seeds. At Garden Fresh Bangladesh, we are driven by a deep passion for revolutionizing the agricultural sector in our country, by providing rural farmers with our premium-quality seed line, “Bizpata.”

As the world faced the COVID-19 pandemic, our love for farming caught the attention of the public through our YouTube channel. This encouraged us to pursue a greater purpose – one that prioritizes the well-being of our environment and the health of our communities, over profits.

And so, GFBD International was born. What started as a small hobby channel has now become a fully authorized proprietorship, with a mission to deliver high-quality seeds and agricultural consultation services across the country and beyond. We have come a long way in our journey, and our commitment to promoting sustainable agriculture practices remains unwavering.

Join us in our quest to make a positive impact on the agricultural sector and make the world a greener and healthier place for generations to come.

Office/Factory Address: House 4/2, Road 1, Kallyanpur, Dhaka -1207, Bangladesh
Explore:    Facebook Page | Youtube channel | Facebook profile of owner

FAQ:

💡 Is the business Shariah-compliant?

  • The business model (selling seeds and plant medicine) is Shariah-compliant
  • However, according to our Shariah Advisors, biniyog.io and the investors will NOT be liable if the day-to-day operations of the business are not fully Shariah-compliant.

    This is because investors will be going into a Murabaha (sale contract), not profit-sharing or partnership. Please find contract details in the “Contract” section below.

💡 Is there any investment risk involved?
Investments have risks by definition, especially if they are halal. Please find possible risk details for this campaign in the “Risk” section below.

Ibrahim Ibn Mollah Mosharrof has completed Bsc. and Msc. in IT from Jahangirnagar University. He started this business in 2018 and has been working to grow this business since. He got into this business after understanding and studying the aspects of the seed industry and its emerging market. You can check out this video to understand the reason for his interest for this particular industry more clearly.   

  • Educated owner with proper plans to grow and manage the business.
  • Good network of customers all over the country
  • Good track-record of seasonal sales volume

The Contract

Accordion Content

The investment is for a period of 12 months, expected from July 2023 to July 2024.

Projected Return on Investment (ROI): 11% per annum

biniyog.io will NOT charge the investors any fees for this service. 

Example: if someone invests BDT 100k in the project, he/she can expect to receive a total of BDT 111k by July‘24.

  • Investors will go into a Murabahah agreement (sale contract) with Garden Fresh Bangladesh for purchasing various types of seeds of fruits and vegetables. 
  • It will be a “buy-and-sell” process where investors will first buy the products through biniyog.io. Garden Fresh Bangladesh will then buy those items from investors on credit and pay the amount after 12 months.
  • biniyog.io will act as an agent for the investors and buy the products, take necessary ownership and risk of asset possession on their behalf, and then sell to Garden Fresh Bangladesh.
  • biniyog.io has proposed a price to Garden Fresh Bangladesh for the products after considering a minimum 11% profit on actual cost of product procurement. Garden Fresh Bangladesh has agreed to it.
  • Investors can expect to get their returns in 1 instalments in 12 months:
    • 100% in July’24

Shariah Compliance

Accordion Content

Investors appoint biniyog.io as an agent to deal on their behalf (Wakalah) and invest into the business through buy and sale of assets under a “buy-and-sell” (Murabahah) agreement.

biniyog.io‘s Shariah advisors have approved the basis and application of this Murabahah contract.

Potential Risks

Accordion Content
  • Dependency on credit sales: The business often has to offer credit purchase facility to some of its regular and loyal customers (mostly wholesalers). Any significant delays in collecting payments might jeopardize the overall payment cycle. 
    • Garden Fresh Bangldesh’s strategy: The business only allows the credit facility to only a handful of clients. The business also maintains standard communication and follow-ups with businesses. This lets the business to keep track of its clients and the repayments.  
  • Seasonal and climate risks: Seed businesses are highly dependent on seasonal and climatic conditions. Unfavorable weather patterns, such as droughts, floods, or extreme temperatures, can impact seed production and availability. Adverse weather events can lead to reduced yields, increased production costs, and supply chain disruptions.
    • Garden Fresh Bangladesh’s strategy: The business is not actually responsible for the after-math of selling the seed. However, Garden Fresh Bangladesh keeps active connections with farmers from particular areas to keep track of its product performance and results. These actions mitigate the risk of providing the wrong product at the wrong place and time by certain level.
  • Massive market competition: The seed industry is highly competitive, with numerous companies vying for market share. Intense competition can put pressure on pricing, profit margins, and customer retention.
    • Garden Fresh Bangladesh’s strategy: The business is currently making a considerably low margin on products to increase market share quickly. The business is also focusing the highest on providing top quality seeds to the buyers. Such actions will let the business handle the current competition gently. 
  • Possibility of political turmoil following the upcoming election: Our assessment assumes that there will be some macroeconomic turmoil towards the end of 2023 before the general election. This may impact any business.

biniyog.io will buy the products on behalf of investors first and secure ownership. Garden Fresh Bangladesh would have the right to reject the products due to quality etc. The risk is expected to be minimal since Garden Fresh Bangladesh themselves will be choosing the items before biniyog.io buys them.

biniyog.io has done in-house analyses of the projected returns of the business and they are expected to be able to repay on time considering their cash-flow.



Garden Fresh Bangladesh will share instalment cheques with biniyog.io. A personal guarantee security cheque will also be kept from the business owner along with a guarantor.

Disclaimer

This investment opportunity is based on a first come first serve basis. Your investment is secured only after your transfer-proof has been received. If the investment quota is already filled, your transferred amount shall be returned.

Return of your capital is NOT guaranteed. Investment, by default, requires a risk appetite. Past performance is not a guaranteed indicator of future outcomes.

biniyog.io only acts as a consultant to the investor and the business, and does NOT manage funds for any party.

biniyog.io does risk assessment to a certain extent, but will NOT be liable if the business does not perform as per expectation.

For any questions, please use the chat icon on the right or leave a message.

  • 27-06-2023

    This campaign is now live on biniyog.io!

    The funding campaign has started. The target is BDT 3 lac.