Our first crowdfund to buy land is called Jangano Crowdfund and was formed last year around July and 65 Zbinites mobilized enough funds to buy land—they are almost done.
- Bank : FBC Amarounds Account
- Terms: Members contributed $30 per month x 9 months
- Membership: 65 Members from USA, UK, SA, Namibia, China and Zimbabwe
- Status: Identified a residential stand to build student hostels and almost a done deal. The project is closed from new entrants.
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Thuthuvaka Crowdfund.
Formed last month and to follow Jangano Crowdfund footsteps—eyeing land acquisition for commercial purposes.
Bank: ZB Clubs Account
Terms: Members to choose 2 options or both ($30 x 9) and ($50x 9)
Membership: So far 65 Members drawn from USA, UK, SA and Zim
Status: We got a bank account on Friday—15 August with funds deposits expected starting this week. New members welcome provided you are not completely new to ZBIN.
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Where is the benefit?: We are not buying land from urban areas such as Harare where land is expensive—instead targeting small towns and rural councils with high growth potential. Areas with student accommodation deficits, fast developing gold mining areas, new areas with public schools deficits,
Risks?: Working with banks greatly reduce risks—And we witnessed this with Jangano. However currency conversions remain a key risk, and to manage this—our projects are short term. And to identify land for sale and pay deposits.
Spinoff Benefits: This is a lifetime low risks venture—however through solid business relationships built, you can start other projects such as Manufacturing, Savings Clubs or SACCOs as spinoffs. You use verified financial references and have shared land title as surety.
Interested?: If already a subscribed member, this is a benefit and to join the $30 option—it’s a commitment fee of $10, for $30 option its $15. If not subscribed—you subscribe first for $10 per year. Kindly contact on +263773055063.
