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Fefifo and PayNet Supports B40 farmers with Cash Sponsorships Going ‘Cashless’ Onboard Fefifo’s Farmer Digitalisation Program

Fefifo and Payments Network Malaysia (PayNet), the national payments network and central financial infrastructure provider, are in partnership to digitalise small farmers and advance digital payments inclusion. Cash sponsorships are now available to be granted to the first batch of 100 eligible B40 farmers onboarded to Fefifo’s Farmer Digitalisation Program with emphasis on increasing local chilli production.

  • The Farmer Digitalisation Program is a digitised contract farming program that offers a comprehensive solution to the challenges faced by small-scale farmers. By leveraging cutting-edge technology, the program provides farmers with access to modern farming techniques, data-driven insights, and efficient management tools through its mobile app, Magic Bean. This empowers farmers to optimise their operations, improve crop yields, and increase their income. In addition to the technological support, the program offers a 100% buy-back guarantee for produce, ensuring a stable market for the farmers’ harvests. To support the initial phase of farming, farmers who sign up for the program are granted sponsorships. These sponsorships are specifically designed to subsidise the cost of seeds and nutrients for the first planting cycle, alleviating financial burdens and empowering farmers to focus on cultivating high-quality produce.

  • Cash sponsorships are allocated to help farmers, as a kickstarter for financial support in order to subsidise the initial cost of seeds and nutrients required at the start of a new crop growing cycle. Each farmer will receive an amount of cash sponsorship based on the number of planting points committed to Fefifo’s program.

    No. of planting points (pp) committed:

    1,000 to 3,000 pp: Up to RM 1,000

    3,000 to 6,000 pp: Up to RM 2,000

    Above 6,000 pp: Up to RM 3,000

    Note: To ensure that the cash sponsorship is only used for farming activities, no physical cash will be transferred to the granted sponsorship recipient. Sponsorship recipients will have to submit the pre-determined purchase of seeds and nutrients for Fefifo to perform the fulfilment of the order.

  • To be eligible for the cash sponsorship under the Fefifo Farmer Digitalisation Program, participants must meet the following criteria:

    • Income Category: The applicant must belong to the B40 income category, as defined by the Government of Malaysia’s policy.

    • Primary Source of Income: Farming must be the applicant’s main source of income.

    • Commitment to the Program: The applicant must be willing and able to enter into legally binding contract terms, committing to plant a minimum of 1,000 planting points under the Fefifo program.

    • Timely Implementation: The applicant must commence farming activities as soon as possible and within six months from the date of receiving the Award Letter.

    • Restriction of Multiple Sponsorship: The applicant is only eligible for cash sponsorship once, and cannot receive it again if previously awarded under this program.

    As part of the qualification process, Fefifo program advisors and field agronomists will contact the applicant via mobile number and arrange a visit to the farm to verify before we proceed with onboarding.

  • 1) Application submission: Applicants must complete and submit the application form for initial consideration.

    2) Application verification: The application will undergo a verification process to ensure that the applicant meets the aforementioned eligibility criteria.

    3) Interview: An interview will be conducted to further assess the applicant’s qualifications, suitability for the cash sponsorship, and commitment to the program’s requirements.

    4) Site visit by Fefifo Advisors: Fefifo program advisors and field agronomists will contact the applicant via mobile number and arrange a visit to the farm to verify the information provided in the application and assess the suitability for the program.

    5) Final evaluation: A comprehensive evaluation of the applicants, including the site visit’s findings, will be conducted to make the final decision.

    6) Issuance of Award Letter: Successful applicants will receive an Award Letter, confirming their selection for the cash sponsorship and outlining the next steps.

  • Contact our Farmer Digitalisation Program advisors if you have questions about the program or funding.

    Email: fdp@fefifo.co

    Call:
    1) Amir Hamzah (018.358.4718)
    2) Azrul Syahmi (012.450.8862)

Now the new generation farmers are able to kickstart their own commercial farms easily by joining the Fefifo network and the Farmers Digitalisation Program, powered by Fefifo’s proprietary seed-to-sale mobile platform ‘MagicBean’, that enables them to grow the best produce for everyone.

“It always seems impossible until it’s done” – Nelson Mandela