Thank you for asking for more information about our project!
We registered Impact-First Peer-to-Peer (i1P2P) as a C Corp in the US in July of 2016. We then registered its first subsidiary, Farm Tech co., ltd. as a fully foreign owned company in Myanmar in September 2016. Our goal in structuring the company this way is to build a bridge between small individual impact investors and clubs in the US and impact investment opportunities in Myanmar. We are what has become known as a “not-only-for-profit” corporation.
To answer your question about the team’s experience, I have attached a short bio page above.
Our project bridges planet and prosperity by providing small-scale farmers access to the bulk harvest drying services that they need to reduce their moisture related post-harvest loss to less than 1% and increase their average annual retained earnings by up to 12%.
We will demonstrate our equipment and business model in June during the rice harvest in the Bago Region of Myanmar. The harvest season is about 40 days, during which we plan to dry 2 loads per day (with a maximum capacity of 3 loads per day). With the revenue that we generate, we will build a second dryer. In mid-July, we will take both dryers to Sagaign Region of Myanmar for the rice harvest there. With the revenue that we generate, we plan to build two more dryers and take all four to Shan State in September to dry soybeans for two weeks, followed by the rice harvest in the Delta Region in October.
Based on the success of these demonstrations, we will either continue to grow slowly on revenue, or seek to attract the investment capital needed to accelerate our growth.
Please let me know if you have any further questions, or would like more detail.