Hervest utilises a set of Gender Lens Investment strategies to include women in several investment opportunities.

This platform helps small and medium-scale female entrepreneurs by providing growth opportunities in certain crops, livestock, and grains as well as some online services.

As a woman, irrespective of where you come from or who you are, It ensures savings and credit facilities are made available to you once you subscribe to them.

To put this in plain terms, this digital fin-tech platform offers an opportunity to invest in female-led businesses, get returns on this investment, achieve specified savings goals, and give these women financial knowledge, understanding, and capabilities they might not have had access to.

HERVEST

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Rating

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Hervest offers the following main services to its client :

SAVINGS: This FinTech platform provides an opportunity to save for future purposes. You can decide to save for a long/short period of time but you will achieve your savings goal with Hervest. It allows you to save towards several savings plans- as many as you want.

INVESTMENT: Another service offered is the ‘Impact Investment’. This enables you to invest in women-led small-scale businesses, especially those targeted at agriculture. You can invest and earn returns on your investment, this is like making passive income without stressing yourself.

TRANSFER CASH: This FinTech platform also allows clients to transfer funds to a third-party account. Thus, it eradicates the need to hold cash around and enables you to transfer easily

FINANCIAL EDUCATION: Hervest has inspiring women financial experts who offer financial enlightenment and literacy to their clients. This widens their horizons on proper handling and finance management and in turn aids them to achieve great financial returns.

CREDIT FOR FEMALE FARMERS (small scale): Small-scale women entrepreneurs who are in need of funds or other tools to help the growth of their businesses are provided with credit facilities by the Hervest investors. Once they make returns, the investors also earn good returns on this investment. So, it is always a win-win situation.

PROS

Hervest provides financial inclusion for women who lack access to several financial opportunities such as credits, financial advice, and other financial tools and instruments to ensure women are included in
financial success stories.
It provides free coaching, mentoring, guidance, and others to its clients.
Hervest is free to use, with no maintenance fee, no SMS charges, and no administration fees and investment incurs low processing charges.
Hervest provides credit facilities for women who are into small-scale businesses.

CONS

Once your payment is locked you cannot have access to it even during emergencies until it reaches the set maturity date.

HOW TO GET HERVEST

It will take you a few minutes to complete the registration process. Get the app from your PlayStore or AppStore depending on whether you use an Android mobile or an Apple mobile.

After which you will be required to fill in some details like your email address, your name, active phone number, and a password to create an account. An OTP will be sent to your registered mail and phone number to complete the process.

HOW DOES HERVEST WORK

On the Dashboard, you will see Tabs that lead you to the Home, Plans, Purse, Transaction, and Portfolio pages of the App.

On the Home page, Your Hervest balance can be seen on the top middle screen. You can choose the type of Savings you want, personal or cliq savings. It shows a tab to invest in female entrepreneurs where you can get great returns on your investment. It also offers a tab for Rewards that allow you to earn by inviting friends to sign up.

The Plan page shows your active plans-Savings and investments and the balance for each.

The Purse page shows your total account balance (from Savings and Investment), Update your BVN and all the transactions made on the application.

The Transaction page also shows all the transactions made on the app but the transaction page has it specified to each of its categories.

The Portfolio shows your complete plans, the purse, savings, and investment with its current returns.

The top left page of your dashboard has a notification tab where you can check and update your bank details, edit your profile, refer, contact customer service, and more.

FEATURES OF HERVEST

Hervest provides financial inclusion for women by following a set strategic approach-Gender Lens Investment (GLI)

It offers great returns to its cooperative clients while solidifying the financial strength of women entrepreneurs through access to funds, training, and markets

All the funds at Hervest are held and managed by FBNtrustees limited on behalf of Hervest. This, the FBNQuest is regulated by the Securities and Exchange Commission (SEC) ensuring the security of your investment and savings

Women entrepreneur clients are offered free updated advice, mentoring, and guidance through the Hervest financial instruments.

The platform also offers its clients free mentoring and enlightenment on financial proficiency

Hervest FAQs

IS HERVEST SAFE?

Yes. Hervest is safe and secure. It utilises bank-level security to protect the funds and prevent cyber-attacks and fraud.

WHAT IS HERVEST ABOUT?

Hervest is a digital investment and savings platform that helps women to gain financial freedom, to take control of their finances, educates clients on financial discipline, and gives women access to financial instruments, guides and ensures financial growth. Hervest members also earn good returns on partnering with small-scale women entrepreneurs and up to a 10% interest on Savings.

WHY DOES HERVEST TAKE INTEREST ON WOMEN?

Hervest takes interest in women mostly because it is believed that so many women still lack access to financial instruments and find it difficult to achieve financial freedom.

Hervest takes it upon itself to provide financial inclusion for women, grant women access to financial tools, savings, and investment, and provide financial knowledge from inspiring women coaches.

It basically tries to bridge the gap between gender in the global economy.

WHAT IS THE INTEREST RATE TO EXPECT?

You can earn up to 25% interest on Agricultural based investments per annum and up to 10% on Savings per annum, however, the interest is calculated on a daily basis and you can monitor and track it on your dashboard.

HOW CAN I MONITOR MY PURSE?

You can monitor all your investments and savings in Purse on your dashboard on the homepage of the application

DO I PAY FOR THE FINANCIAL COACHING?

No, you will not be required to pay for the financial coaching given because they are free to members

CAN I HAVE MULTIPLE SAVINGS PLAN?

Yes, you can have as many savings plans as you want and you can name them whatever you wish so to have target-based savings and keep you disciplined to achieve your savings goal.

HOW CAN I CREATE A PLAN?

Go to the Plans on the bottom page of your dashboard. Tap on the Savings and Click on ‘Create new plan’ to answer questions such as naming your plan, how much you want to save, duration, etc. to create a new savings plan.

For a new Investment plan, Click on Investment, there are several Agro-based products to invest in, click on what you wish to invest in and create a new investment plan.

HOW CAN I DEPOSIT IN MY SAVINGS PLAN?

You can tap on the top left button on your dashboard, click on the Bank and Card to add your bank or card details to enable transactions OR You can log in to your account, click on the Purse tab, update your account, and BVN details to enable bank transfers and transactions. Hence, you can fund your savings plan by simply adding a debit payment card or making a transfer from your Purse balance.

WHY DOES HERVEST NEED MY BVN?

Hervest needs your BVN to verify your identity and never reveals your BVN to a third party to avoid fraud

WHAT IS A LOCKED SAVINGS PLAN?

This is a plan created to reach a certain target and never to be withdrawn until the maturity date. This allows you to achieve your long/short-term saving goals and objectives.

WHAT IS AN AUTOMATED SAVINGS ON HERVEST?

This allows you to set up your savings plan in such a way that a certain amount is debited from the card you added at the specified period. All you have to do is add your payment card and set your savings plan to the automated savings plan.

WHAT IS THE DIFFERENCE BETWEEN THE PURSE, SAVINGS AND INVESTMENT PLANS AVAILABLE ON HERVEST?

The Purse is an account that houses your liquid savings which you can withdraw from any time you wish. However, your savings plan allows clients to save towards a long or short-term objective individually or as a cliq. The locked savings plan only allows you access on the maturity date. The Impact investment on the other hand allows you to sponsor female entrepreneurs where you invest in certain female-led businesses and earn returns on the investment

HOW CAN I CONTACT HERVEST?

You can reach out to Hervest by contacting their customer support service by sending an email to [email protected] or a phone call to 08032875778.

You can also visit their office- 23 Hughes Ave, Yaba 1010111 Lagos Nigeria.

Hervest is a woman-intensive FinTech platform which encourages women to take control of their financial lives.

This platform also aids the growth of the economy by investing in small-scale women-led businesses and providing great returns for the investors.

The Gender Lens Investment strategies are utilized to strengthen the capability of women in the rural and urban areas to make decisions about investments especially when it comes to women small-scale business owners while at the same time aiding these small-scale women to have access to credits, capital and the market.

It includes women in finance and pushes them to be disciplined in achieving financial freedom as well as a coordinated savings goal and objectives.