MonitoFarm Terms and Conditions (Agreement)
By accepting this Agreement (including the Policies) you agree to be bound by it and to the User Agreements and posted terms and conditions on other websites operated by MonitoFarm. From time to time MonitoFarm may amend the terms and conditions of this Agreement. Amendments will be published on the MonitoFarm Site. Except as stated in this Agreement, in a Policy, or as otherwise notified to you, all amendments will be effective immediately. Continued use of MonitoFarm services following the publication of any changes to the Terms and Conditions constitutes acceptance of those changes.
You must terminate your membership with MonitoFarm if you do not agree with such changes to this Agreement (or any MonitoFarm Policies). If you continue to be a member of the MonitoFarm Site after any such changes to this Agreement or any MonitoFarm Policies, you will be considered to have accepted the amended terms as part of the Agreement. The terms of this Agreement and any of the MonitoFarm Policies cannot be amended, except as specifically described in or authorised by this Agreement, and only then in writing authorised by you and MonitoFarm. In this Agreement a reference to “you” includes anyone acting on your behalf or with your express or implied authority. Any reference to this Agreement includes MonitoFarm’s Policies, unless stated otherwise.
Agripreneur/ Start up
To use our service, you must first submit your idea by completing this SUBMIT YOUR IDEA
Based on our expert opinion of the seriousness and viability of your idea, an account will be created for you. After which you will create your campaign and once approved, can go live.
All Agripreneur / Start-up must have a Bank account; if you do not have a Bank account, then we require they open with Ecobank MFI, our partners.
MonitoFarm is a Venue and a Service Provider
MonitoFarm is an online community crowdfunding platform and acts as a venue to allow members who comply with MonitoFarm Policies to raise funds to fulfil their dreams of starting, running and growing their own business, to get projects started. MonitoFarm allows individuals, groups and organisations (“Campaign Creators”) to list campaigns and raise funds through experiences, donations, and/or services (“Rewards”) to new and existing MonitoFarm members (“Campaign Supporters”).
MonitoFarm is not directly involved in the transaction between Campaign Creators and Campaign Supporters. MonitoFarm has no control over the quality, safety, morality or legality of any aspect of Campaigns or Rewards listed, the truth or accuracy of the listings, the ability of Campaign Creator to complete the Campaign or Rewards, or the ability of a Campaign Supporter to actually pay promised monies. MonitoFarm cannot ensure that a Campaign Supporter or a Campaign Creator will actually complete a transaction. Consequently, MonitoFarm does not transfer legal ownership of Rewards from the Campaign Supporter to the Campaign Creator. MonitoFarm cannot guarantee the true identity, age, and nationality of a member. MonitoFarm recommend that you check the member’s bio and history on the Site for background information and do your own research before providing funds.
MonitoFarm is a venue and as such is not responsible or liable for any content, for example, data, text, information, graphics, images, photographs, profiles, audio, video, items, and links posted by you, other members, or outside parties on MonitoFarm. You agree that use of MonitoFarm services is at your own risk. Not withstanding the above, you can request services from MonitoFarm which can mitigate some of the risks listed above. Please see our website for Services.
Campaigns All funds are collected and managed for the Campaign Creator by Ecobank MFI and Innovation SL Ltd. When a Campaign is created Ecobank MFI and Innovation SL Ltd verifies the Campaign Creator and obtains their bank details. Ecobank MFI and Innovation SL Ltd transfers the “Net Funds” due directly to the Campaign Creator. The “Net Funds” are the amounts raised during a Campaign less the Ecobank MFI and Innovation SL Ltd Fees and MonitoFarm Fees. Where the Campaign is created as a ‘Take What You Can Get’ campaign the “Net Funds” are paid to the Campaign Creator during the course of the Campaign as pledges are received. Where the Campaign is created as a “All or Nothing” campaign the “Net Funds” are paid to the Campaign Creator after the Campaign has completed. MonitoFarm obtain their fee directly from Ecobank MFI and Innovation SL Ltd.
MonitoFarm shall not be liable for the interactions with any organisations and/or individuals found on or through the MonitoFarm service. All queries regarding funds pledged should be referred to the campaign creator at first instance and if the issue is not resolved, then to Ecobank MFI and Innovation SL Ltd. MonitoFarm is not involved in the development of Campaigns. It is the responsibility of the Campaign Creator to fulfil the promises of their Campaign. MonitoFarm reviews Campaigns to ensure they do not violate MonitoFarm Terms and Conditions, however does not investigate a Campaign Creator’s ability to complete their Campaign. MonitoFarm cannot be held liable for the actions of a Campaign Creator. Campaign Creators are wholly responsible for fulfilling obligations both implied and stated in any Campaign listing they create. MonitoFarm does not oversee the performance or punctuality of Campaigns. MonitoFarm reserves the right to remove a Campaign listing from public listings for any reason. All dealings on MonitoFarm are solely between you and such individuals and/or organisations.
MonitoFarm is not responsible for any damage or loss incurred as a result of any dealings on the MonitoFarm platform and is under no obligation to become involved in disputes between Campaign Supporters and Campaign Creators, or between site members and any third party. In the event of a dispute, you agree that you release MonitoFarm employees, partners and successors in rights from claims, damages and demands of every kind, known or unknown, suspected or unsuspected, disclosed or undisclosed, arising out of or in any way related to such disputes and MonitoFarm service. MonitoFarm cannot guarantee the performance or reliability of the Ecobank MFI and Innovation SL Ltd online payment services.
MonitoFarm cannot guarantee the full receipt of promised funds to a Campaign due to occasional failures when capturing funds from debit and credit cards. Campaign Creators and Campaign Supporters agree to be bound by and comply with the Ecobank MFI and Innovation SL Ltd Terms of Service
Campaign Rewards and After Sale
By listing Campaign Rewards on the Site you warrant that you and all aspects of the Reward comply with the MonitoFarm published policies. You also warrant that you may legally sell the Reward(s).
You must accurately describe your Rewards and all terms of sale in your Campaign description and the Reward description. Your listings may only include text descriptions, graphics, pictures, videos, photographs and other content relevant to the sale of that Reward. Each Reward must accurately and completely describe the item(s) or experience/s on offer. If the “Available” quantity is more than one or unlimited, all items and/or experiences listed in that Rewards tier must be identical. Each unique Reward must have its own listing as a new Reward. All Campaign Creators are urged to outline terms of sale for their MonitoFarm Campaign. These terms of sale may include, for example, shipping, returns, payment and selling terms. Campaign Creators must create reasonable terms in good faith and must abide by such terms. All campaign terms must comply with MonitoFarm site-wide policies. Campaign Creators are responsible for enforcing their own reasonable campaign terms.
MonitoFarm reserves the right to request that a Campaign Creator modify their terms and conditions. All sales are binding. The seller is obligated to ship the Reward(s) or otherwise complete the transaction with the Campaign Supporter, unless there is an exceptional circumstance, such as: (a) the Campaign Supporter fails to meet the terms of the Campaign Creator’s listing (such as payment method), or (b) the Campaign Creator cannot authenticate the Campaign Supporter’s identity. The Campaign Supporter is obligated to deliver appropriate payment for Rewards purchased, unless there is an exceptional circumstance. MonitoFarm reserves the right to restrict members sponsoring MonitoFarm Campaigns or revise the limitations on contributing to MonitoFarm Campaigns, at any time and for any reason. MonitoFarm may also further restrict your ability to sponsor Campaigns depending on your country of residence. Prohibited, Questionable and Infringing Incentives, Items and Activities You agree that you are solely responsible for your conduct and activities on, and regarding, MonitoFarm and any and all data, text, information, graphics, images, photographs, profiles, audio, video, items, and links (together, “Content”) that you submit, post, and display on MonitoFarm.
Your Content and your use of MonitoFarm shall not:
MonitoFarm Service Fee
MonitoFarm will deduct a 5% standard fee from the funds raised through a Campaign on the MonitoFarm Site. We reserve the right to vary this rate for specific campaigns in agreement with the Campaign Creator. For ‘Take What You Can Get’ campaigns MonitoFarm charges a 5% Service Fee. This applies where you receive your funds after the Campaign has completed.
If however, you wish to withdraw funds prior to the campaigns end date, you may lodge a request with MonitoFarm. If approved, a 9% service fee will be charged. Transaction Fees Ecobank MFI Fees Ecobank MFI will deduct credit/debit card and banking fees from funds paid to a Campaign Creator at their published rate.
Fees may vary depending upon the location of your Ecobank MFI account and whether pledges are made using a domestic or international debit/credit card. Payment of Campaign Funds Where the Campaign is created as a ‘Take What You Can Get’ campaign Ecobank MFI and Innovation SL Ltd will pay the “Net Funds” to the Campaign Creator during the course of the Campaign as pledges are received. Where the Campaign is created as a ‘All of Nothing’ Campaign, Ecobank MFI and Innovation SL Ltd will pay the “Net Funds” to the Campaign Creator after the Campaign has completed. The “Net Funds” are the amounts raised during a Campaign less the Ecobank and MonitoFarm Fees.
On occasion it is possible that a pledge made by a Campaign Supporter will be returned to the Campaign Supporter by Ecobank MFI and Innovation SL Ltd (for example if there has been fraud on their debit/credit card). In these circumstances it may be that the amount shown on the MonitoFarm website will show a higher amount raised on a campaign until MonitoFarm are informed by Ecobank MFI and Innovation SL Ltd of the need to make an adjustment. Once we have been informed we will endeavour to make the adjustment within 2 working days.
Innovation SL Ltd Last updated 10.08.2020
Innovation SL Ltd Last updated 10.08.2020