{
  "riskGrade": "B+",
  "fundRaised": 5286954,
  "highlights": [
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  "shortIntro": "This financing is backed by a work order received from a renowned company",
  "riskDetails": [
    {
      "text": "Dependency on International Suppliers:The business relies on global seed breeding partners for key products. Any delay in import processes, international disruptions, or price fluctuations can impact availability and increase operational risk. 📌Meera Seed Limited’s strategy: The business maintains strong relationships with international suppliers and is the exclusive distributor of several seed breeding companies in the Netherlands, Vietnam, and Thailand. For this work order, Meera Seeds Limited successfully completed a test production phase, validating its ability to meet the required quality standards. To mitigate procurement and logistics risks, the company has initiated all prerequisite measures, including opening LCs and conducting seed quality inspections. Payment delay: Repayments may get delayed due to both external or internal factors. For example, if the work-order issuer falls into any issues such as sudden drop in revenue, macroeconomic turmoil, etc. Meera Seed Limited may struggle to get their payments on time. This may delay the repayment. 📌Meera Seed Limited’s strategy: The work order served by the business is issued by a renowned local group of industry, who are expected to keep their commitment. Failure to deliver within the promised timeframe: In case the business fails to deliver the product within the estimated timeframe, the work-order issuer may halt or delay the expected payment of the business. 📌Meera Seed Limited’s strategy: The business has extensive experience in the seed industry and indoor/protected cultivation, with a long-standing presence in the sector. This industry expertise enables Meera Seeds Limited to effectively manage procurement and logistical challenges. In addition, the company has proactively undertaken key preparatory measures, including opening LCs and conducting seed quality inspections, to ensure smooth and timely execution of the project. Geopolitical situation: This is one of the most unavoidable risks for any import- and export-oriented business. Global geopolitical instability can cause logistical disruptions, sudden price increases, and shipment delays, all of which may affect business operations and increase the cost of the logistics, thereby decreasing the profit margins and delaying repayments.",
      "type": "Business Assessment"
    },
    {
      "text": "To ensure Shariah compliance, investors have to share losses (if incurred) according to the total investment amount ratio over the mentioned investment period. For example, if someone invests BDT 10k and the project incurs a loss of 5%, the investor will get back BDT 9.5k as currently, the 100% investment is coming from investors. If there is any investment required from the business, the loss-sharing ratio will change depending on investment ratio. The chance of loss is minimal here as the repayment is tied to an international project. However, unstable economy, political instability, road accidents, etc may delay the payment.",
      "type": "Loss Sharing"
    },
    {
      "text": "Meers Seeds Limited will be sharing a security cheque with biniyog.io. Besides, the entire project is backed by a leading Bangladeshi corporate group's agro venture in collaboration with a Spanish company. Unless any Force Majeure incident occurs, the project should finish on time with expected repayments.",
      "type": "Security"
    }
  ],
  "businessName": "Meers Seed Limited",
  "contractType": "MUDARABA",
  "projectFocus": "Agribusiness",
  "fundingTarget": 7000000,
  "fundProcessing": 885235,
  "projectedROIMax": 9.255899173221303,
  "projectedROIMin": 7.455897173219082,
  "ownerDetailsText": "Written by Business Syed A. A. Mamun is a passionate entrepreneur with a background in Computing and Information Systems and an MBA in Marketing. He began his business journey in 2008 with Bangladesh’s first healthcare startup, followed by a branding solutions company for large corporations. In 2010, he entered the agricultural sector, recognizing the demand for high-quality vegetable seeds. As the founder of Meera Seed Limited, he has introduced specialized seeds for protective cultivation in Bangladesh. He also pioneered training, turnkey solutions, and trade support for greenhouse farming, helping shape the future of modern agriculture in the country.",
  "maximumInvestment": 2100000,
  "minimumInvestment": 5000,
  "campaignRepayments": [
    {
      "status": "SCHEDULED",
      "expectedDate": "2027-01-05T17:30:00.000Z",
      "instalmentNumber": 1,
      "minExpectedAmount": 25877248
    }
  ],
  "detailPageVerified": true,
  "shariahDetailsText": "Underlying Contracts Investors invest into the business under a partnership (Mudaraba) agreement that makes them eligible for receiving profits generated by the business. biniyog.io will act as an agent to deal on their behalf (Wakalah). Approval from Scholars biniyog.io‘s Shariah advisors have approved the basis and application of this Mudaraba contract.",
  "businessDetailsText": "Value Propositions High-performing hybrid and OP (open pollinated) seeds tailored for Bangladeshi conditions. First to introduce seeds for indoor/protective cultivation in Bangladesh. Sourcing top varieties from leading seed breeders worldwide Reliable distribution network ensuring timely supply across the country. Training and support to boost farmer productivity and sustainability. Introduction to the Business Written by Business Meera Seed Limited began its journey in 2010 as a family-run business, recognizing the potential in the agricultural and horticultural seed sector of Bangladesh. We started by trading vegetable seeds and, by 2012-2013, established partnerships with contract growers to produce a variety of open-pollinated (OP) vegetable seeds. These seeds were supplied to leading seed marketers and regional distributors across the country. In 2013, we took our first step internationally by collaborating with well-known Japanese vegetable seed breeding companies. Our goal was to identify and select seed varieties that perform well in the Bangladeshi climate and meet the needs of local farmers. After two years of trials and research, we introduced our first hybrid vegetable varieties in 2015 starting with cauliflower, green cabbage, red cabbage, and broccoli. Since then, we have continued to grow and expand our network by working with top seed breeding companies from the Netherlands, Spain, Thailand, and South Korea. Through these collaborations, we aim to bring the best hybrid vegetable seed varieties to Bangladeshi farmers supporting higher yields, better quality, and sustainable farming practices. This is the third campaign of Meera Seed Limited with biniyog.io. The 1st campaign was fully repaid, with a two-week delay due to losses from the Cargo Village fire incident. The 2nd campaign has been restructured because of seed quality issues at the exporter’s end. In addition, war-related global logistics disruptions delayed the product's arrival in Bangladesh and postponed the completion of the buy-sell transaction between the investors and Meera Seed. The project is expected to conclude in the last week of July. The business is seeking financing to execute a work order received from a leading Bangladeshi corporate group's agro venture to deliver sweet corn seeds. The project is being implemented in partnership with an established Spanish company (parent company of a leading super shop brand in Spain), which has given Buyer’s Guarantee to purchase the entire sweet corn output upon successful cultivation. This back-to-back arrangement significantly strengthens demand visibility and reduces market risk for the project. Office Address: 4th floor, building no. 2, 6 Natak Sharani, Dhaka 1000 Bangladesh. Explore: Facebook | Website FAQ: 💡 Is the business Shariah-compliant? The business model (selling seeds) is Shariah-compliant, given that specific Shariah compliant guidelines are maintained as recommended by AAOIFI Standards. 💡 Is there any investment risk involved? Investments have risks by definition, especially if they are halal. Please find possible risk details for this campaign in the “Risk” section below.",
  "contractDetailsText": "Duration of Investment The investment is for a period of 5 months, from August 2026 to January 2027. Projected ROI (Return on Investment) Projected ROI: 6.70%-8.33% Projected ROI (annualized): 16.07%-19.92% Example: If someone invests BDT 100k in the project, he/she can expect to receive a total of BDT 106,700-108,330 in January 2027. biniyog.io will be charging investors a 0.69% success fee on the repayment amount. Contract Condition Beginning of investment: Investors will go into a Mudaraba agreement (profit-loss sharing) with Meera Seed Limited. It will be a profit-sharing contract, where Meera Seed Limited will be using the investment amount as working capital to cater to a work-order issued by a renowned company. biniyog.io will act as an agent for the investors and collect necessary funds and deposit to the business account of Meera Seed Limited. biniyog.io will follow-up with Meera Seed Limited to ensure that the funds are being used to cater to that work order and Shariah Compliance is maintained. biniyog.io has proposed a 60:40 (Investor: Business) split of the net profit generated during the specific work order and Meera Seed Limited has agreed to it and investors will get an estimated 16.07%-19.92% annualized ROI (after deducting biniyog.io’s success fee on repayment). End of investment: Investors will be eligible to get the principal and profits (if any) from the financed work order within the mentioned investment period. biniyog.io will verify the costs associated with completing the particular work order before calculating the final profit. The principal investment amount along with profit or loss will only be returned to the investor at the end of the investment period. If the business incurs a net loss over this work-order financing, investors will have to share the loss as per the ownership percentage. In case of payment delay by the work order issuer or delay in delivering the project by the business, repayment may get delayed by some time. details mentioned under Business Assessment. বিনিয়োগের সময়কাল এই বিনিয়োগটি ৫ মাসের জন্য, অর্থাৎ আগস্ট ২০২৬ থেকে জানুয়ারি ২০২৭ পর্যন্ত। প্রত্যাশিত ROI (বিনিয়োগের উপর রিটার্ন) প্রত্যাশিত বিনিয়োগের উপর আয়: ৬.৭০%-৮.৩৩% প্রত্যাশিত বিনিয়োগ ফেরত (বার্ষিক): ১৬.০৭%-১৯.৯২% উদাহরণ: যদি কেউ প্রকল্পে ১ লক্ষ টাকা বিনিয়োগ করেন, তাহলে তিনি ২০২৭ সালের জানুয়ারী মাসে মোট ১,০৬,৭০০ থেকে ১,০৮,৩৩০ টাকা পাওয়ার আশা করতে পারেন। biniyog.io বিনিয়োগকারীদের পরিশোধিত অর্থের উপর ০.৬৯% সফলতা ফি ধার্য করবে। চুক্তির শর্ত বিনিয়োগের সূচনা: বিনিয়োগকারীরা একটি মুদারাবা চুক্তিতে (লাভ-ক্ষতি ভাগাভাগি) প্রবেশ করবে মীরা সিড লিমিটেড। এটি একটি মুনাফা-বণ্টন চুক্তি হবে, যেখানে মীরা সিড লিমিটেডএকটি স্বনামধন্য কোম্পানির দেওয়া কাজের আদেশ সম্পন্ন করার জন্য বিনিয়োগের অর্থ কার্যকরী মূলধন হিসেবে ব্যবহার করা হবে। biniyog.ioবিনিয়োগকারীদের এজেন্ট হিসেবে কাজ করবে এবং প্রয়োজনীয় তহবিল সংগ্রহ করে ব্যবসায়িক অ্যাকাউন্টে জমা দেবে। মীরা সিড লিমিটেড। biniyog.io তহবিলটি উক্ত ওয়ার্ক অর্ডার পূরণে ব্যবহৃত হচ্ছে এবং শরিয়াহ বিধি মেনে চলা হচ্ছে কিনা, তা নিশ্চিত করতে মীরা সিড লিমিটেডের সাথে ফলো-আপ করা হবে। biniyog.io নির্দিষ্ট ওয়ার্ক অর্ডার চলাকালীন অর্জিত নিট মুনাফার ৬০:৪০ (বিনিয়োগকারী: ব্যবসা) অনুপাতে ভাগের প্রস্তাব দিয়েছে এবং মীরা সিড লিমিটেড এতে সম্মত হয়েছে। এর ফলে বিনিয়োগকারীরা (পরিশোধের উপর biniyog.io-এর সাকসেস ফি বাদ দিয়ে) আনুমানিক ১৬.০৭%-১৯.৯২% বার্ষিক ROI (বিনিয়োগের উপর রিটার্ন) পাবেন। বিনিয়োগের সমাপ্তি: বিনিয়োগকারীরা উল্লিখিত বিনিয়োগ মেয়াদের মধ্যে অর্থায়নকৃত ওয়ার্ক অর্ডার থেকে মূলধন এবং মুনাফা (যদি থাকে) পাওয়ার যোগ্য হবেন। biniyog.io চূড়ান্ত মুনাফা গণনা করার আগে নির্দিষ্ট ওয়ার্ক অর্ডারটি সম্পন্ন করার সাথে সম্পর্কিত খরচ যাচাই করবে। বিনিয়োগের মেয়াদ শেষে বিনিয়োগকারীকে মূল বিনিয়োগের পরিমাণসহ লাভ বা ক্ষতি ফেরত দেওয়া হবে। এই ওয়ার্ক-অর্ডার ফাইন্যান্সিংয়ের কারণে ব্যবসায় যদি নীট লোকসান হয়, তবে বিনিয়োগকারীদের মালিকানার শতাংশ অনুযায়ী সেই লোকসান ভাগ করে নিতে হবে। ওয়ার্ক অর্ডার প্রদানকারীর পক্ষ থেকে অর্থ পরিশোধে বিলম্ব হলে অথবা ব্যবসা প্রতিষ্ঠানটি প্রকল্প সরবরাহে বিলম্ব করলে, অর্থ পরিশোধে কিছু সময় দেরি হতে পারে। বিস্তারিত বিবরণ 'ব্যবসা মূল্যায়ন' (Business Assessment) অংশে উল্লেখ করা হয়েছে।",
  "fundUtilizationScope": {
    "bn": "সুইট কর্নের বীজ",
    "en": "Sweet corn seed"
  },
  "protectionPoolChargeFee": [],
  "previousRepaymentHistorySummary": "This is Meera Seed Limited's third campaign with biniyog.io. The first campaign was fully repaid with a two-week delay due to the Cargo Village fire incident, while the second was restructured following exporter-side seed quality issues and global logistics disruptions, and is expected to conclude by the last week of July."
}