MadiKopele Balemi - Horticulture
Harvest and deliver to your preferred customer, assured that you will be paid on the same day.
- Maintaining your masimo or ploughing for the next harvest should not need waiting for payment by your customers.
- MadiKopele Balemi is the solution: get paid for your produce immediately upon delivery ... no more delays.
How does it work?
- Sign a MadiKopele Agreement before selling your produce.
- Inform MadiKopele of your bank account and contact details.
- Inform your customer of MadiKopele's bank account and contact details.
- Receive 80% of your produce value on the day of delivery.
- Receive the balance on the day your customer pays.
Agreement fee: P25.00.
Commission for any part of the first 28-day period: 5% fixed.
Commission for subsequent 28-day periods: 5% prorated.
Case: you sell 1,054 cabbages at P8.00 each
Your produce value: P8,432.00
Your customer's payment term: 31 days
Day 1 - Delivery of your produce to your customer:
- MadiKopele pays you 80% of your produce value: P6,745.60
Day 31 - Your customer pays MadiKopele:
- Balance of your produce value: P1,686.40
- Agreement fee: P25.00
- Commission at 5%: P373.42
- MadiKopele pays you the balance: P1,287.98