Financial Security Of Small And Medium Scale Entrepreneurs — The AFIDE Story
Financial security is critical to small and medium scale business as it is an element that keeps an entrepreneur in and out of business, hence, entrepreneurs such as daily earners try as much as possible to secure their finance as they entrust their daily earnings into thrift which has eventually become their most trusted means of savings. However, this medium is barely lucrative as it is a collect-what-you-saved model which comes with little or less profits more so, the thrift collector gets entitled to at least 1% of the whole savings which leaves them at a mini loss. Furthermore, financial security is far beyond mere daily savings, in its real sense, it should come in a dimension that secures the business of the entrepreneur in all sphere. Dimension such as profits from daily savings, insurance (term insurance which covers for life and accident) and opportunities to loan acquisition. As it has become a core to create an enabling opportunity that secures the business of daily earners through their finance, FarmKonnect Nigeria PLC Nigerias foremost agribusiness firm whos also the first Agricultural Real Estate in Nigeria, the first of its kind to establish an Agricultural Electronic Extension Service Center and a citadel for Data and Agribusiness Studies has created an initiative named AFIDE an acronym for Agricultural and Financial Inclusion of Daily Earners; a project that aims at improving lives and conditions of daily earners as they put their daily earnings into agriculture while they make profits and their contributions creates an avenue for them to benefit from life and health insurance that covers for accident as well as the financial security to acquire loans from Banks in partnership with AFIDE under the supervision of FarmKonnect Nigeria PLC that provides them corporate guarantee. Financial security is very essential in trade business and it is important that the woman down the roads business improves and becomes very much sustainable as well as lucrative in other to better her standard of living so that her business can metamorphose from the roadside to a convenient store. The roadside business needs more than just daily earnings, it is important such business owners enjoys sustainable incentives which will help advance their livelihood. Conclusively, the AFIDE cooperative model helps to better the standard of living of daily earners through the inclusion of their funds into the national economy via agriculture in other to achieve food security and zero hunger while they earn sustainable income from modern day agriculture engineered by FarmKonnect Nigeria PLC. #NaWeGetAm
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