FTAkCTL
The FTAkCTL will be Registered Under FTACTL but internally will be a separate unit or internal co-operative. Even though the word kava is incorporated to indicate its major interest, any other Farm Produce as mentioned later in this brief will be included.
The funding for this co-operative will include the 40% from FTA Farm that will be included invested into the FTAkCTL
Interested investors will need to buy Shares in 2 categories;
- Class A: Institutional Share
- Class B: Individual Share
- The initial Interest rate will be similar to the Na I Vavakada and Na I Lololo Investment Fund rates
Years of investment | Interest rates |
2-3 Years | 6 % |
4-5 years | 7% |
6-8 years | 8% |
Eligibility
Investors will be invited to buy Shares in FTAkCTL and this will encompass I Taukei Kava, uvi and other agricultural product farmer. This o-operative ONLY will be inclusive of members and non-members who will be able to ;
- invest sales in FTAkCTL
- Kava, agricultural product middle man/woman
- Landowners –FTACTL has leased land to farm
- Members of this internal co-operative shall be enabled to;
- Loan according to the Shares, after 3rd year
- Use FTACTL share, Ika ni Yabaki, Vavakada and Nailolo Investment to cover for loan to increase production of agricultural products such as yaqona and uvi.
- Assist members to secure additional money, generating business.
- Diversify members’ contribution not to totally rely on subscription from salary.
- Long term-organized kava and uvi farmers to control the market price and access to markets