Key takeaway
- MTN Grow For Me allows MTN Ghana customers to invest in farming through Mobile Money.
- Dial *170# to register and begin your investment journey.
- Investments are made quarterly, and you can earn up to 35% in returns depending on crop performance.
Investing in agriculture in Ghana has traditionally been challenging due to the required resources and processes. MTN GrowForMe now makes this easier.
In this guide, we’ll explain everything you need to know about this partnership and how to get started.
What is Grow For Me?
Grow For Me is an agricultural crowdfunding platform that connects investors with Ghanaian farmers. Through its partnership with MTN Ghana, you can invest in agriculture using Mobile Money.
Investors fund the cultivation of various crops, which are sold upon maturity. The profits from the crop are shared among the investors, and the percentage payout depends on the amount invested, the crop selected, and market conditions.
The average Return on Sponsorship is between 4% and 35%. You can fund crops and farms every quarter. Visit GrowForMe to see the crops available for the next quarter.
How does MTN Grow For Me work?
Here’s how Grow For Me works:
- You select the commodity you want to invest in.
- After choosing a crop, you decide the number of units you wish to fund.
- When the crops are ready, they are harvested and sold.
- After the sales, profits are calculated and distributed to the investors with their principal.
During profit distribution, you (the investor) get 50% of the total profits, Grow For Me takes 15%, and the farmer receives 35%.
How to register for MTN Grow For Me?
Getting started with MTN Grow For Me is simple, especially for MTN MoMo users. Here’s how to register and invest:
- Dial *170#.
- Select Financial Services.
- Select Pensions and Investments.
- Select GrowForMe.
- Select I want to Fund/Invest.
- Enter 1 to agree to the terms and conditions.
Note: GrowForMe will send you an SMS confirming the successful creation of your account. The message will also include your username and password for logging into the website.
- Select Fund a Farm or Fund a Trade; we explain the difference below.
- Choose the preferred trade option/farm campaign to invest in.
- Enter the number of units to fund.
Note: Payback dates are stated after you enter the number of units to fund. We also recommend taking note of the return on sponsorship.
- Select Yes to continue.
- Wait for a MoMo prompt to authorise payment.
If you do not receive the prompt to enter your MoMo PIN within a minute, go to My Approvals and approve the transaction manually. If successful, you’ll receive confirmation of receipt for the payment.
Quick tip: You can invest with Grow For Me through the *800*008# USSD code on all local networks. Foreigners can also invest via the Grow For Me website.
Funding a Farm or Trade?
When investing in Grow For Me, you can fund a farm or trade.
Here’s a simple breakdown of the key differences between funding a farm and a trade:
| Trade | Farming |
| Quick return as funds go into packaging and selling pre-grown products. | Longer return as funds go into growing crops from scratch. |
| Higher price per unit but lower overall returns. | Lower price per unit, but potentially higher returns over time. |
| Less commitment as you’re funding the purchase of existing crops. | Full commitment as you’re funding the entire growing process. |
| Lower risk and quicker return, but potentially lower reward. | Higher risk due to the growing process, but potentially higher rewards. |
You can trade or farm high-demand commodities and crops such as maize, soybeans, pineapple, sorghum, pepper, cabbage, coconut, cashew, cocoa, and mango.
Why invest with MTN Grow For Me?
Here are some benefits of investing with Grow For Me:
- MTN Grow For Me provides opportunities for investors to invest in agriculture without direct involvement.
- You can earn up to 35% returns, depending on crop performance.
- Your investment directly supports Ghanaian farmers, helping them access quality inputs and scale their operations.
- Regular updates ensure that you stay informed about your investment progress.
Important terms to note
Here are some important terms to note when investing in MTN Grow For Me:
GrowForMe investment terms
- Return on sponsorship: The percentage of profit an investor earns from investing in a farm.
- Unit: Refers to a specific measure of the farm or crop you’re investing in. For the farm campaigns, 1 unit equals ⅛ acre of land.
Investment risks
Returns are not guaranteed, as agricultural investments are inherently risky. Factors such as climate, political, economic, and business competition risks may affect the success of your investment.
Additionally, you may lose all of your funding, especially due to crop failure or unsuccessful commodity trades.
As with any investment, we advise you to conduct thorough research and carefully consider these risks before investing.
Final thoughts
MTN Grow For Me makes agricultural investment simple and rewarding.
It allows you to support farmers, boost food security, and earn returns. Start your investment journey today by dialling *170#.
If you have any questions, let us know in the comments.
