BLOOM AND GROW

  A few months ago, I invested in some farm slots with Thrive Agric, one of the leading crowdfunding agro-platforms in Nigeria. The maturity date for the investment was October 1st but I'm yet to receive the payout one month after. The company has actually communicated some of the challenges that they are currently facing and I'm hopeful that I would get my money back someday. We are currently engaged via a monthly update meeting with the Interim CEO, Adia Sowho who is helping the fintech navigate the current murky waters.   But I would like to share important investment lessons from this experience:  1. I thought agro investments were insured. But it turns out that the insurance does not protect investors from liability in any way. The insurance is apparently limited to farming operations. So agro investments are just as risky as any other investment.   Right now, I'm consolidating my investments with crowdfunding platforms and re-strategizing my approach to personal fina