This page summarises the key terms of the GoatVest Goat Management Agreement (GMA). The full executed GMA document is provided to you on purchase. In the event of any conflict, the signed GMA prevails.
1. Parties
Investor: The registered Platform user who has won an auction and received a Certificate of Ownership.
Farm Partner: The verified GoatVest partner farm named in the Certificate.
GoatVest Africa Limited: Platform operator and agreement facilitator.
2. Nature of the Agreement
The GMA is a 36-month managed-investment arrangement under which:
- The Investor owns the named goat, evidenced by the Certificate of Ownership.
- The Farm Partner takes full day-to-day responsibility for the animal's care, feeding, milking, breeding, and veterinary attention.
- GoatVest facilitates milk income distribution and maintains Platform records.
The 36-month cycle comprises 20 months of active milking and two 8-month breeding phases.
3. Investor Entitlements
- Monthly milk income payments in KES to your Cash Earnings balance, based on GMA Category (1–5).
- Access to your animal's milk records, health records, linear appraisal scores, and breeding history on the Platform.
- Right to resell the Certificate of Ownership on the secondary market at any time.
- Offspring from the second breeding cycle belong to you (first breeding belongs to the Farm Partner).
- 5 months of subsidised professional weaning and rearing for your second-cycle offspring.
- One free Farm Open Day visit every six months.
4. Farm Partner Obligations
- Maintain the animal in good health in accordance with GoatVest SOPs.
- Record monthly milk yields accurately on the Platform.
- Provide veterinary care and vaccination at the Farm Partner's cost.
- Notify GoatVest within 24 hours of any animal illness, injury, or death.
- Not sell, slaughter, or transfer the animal without GoatVest's written consent.
5. GMA Income Categories
| Category | Daily production | Daily pay (KSh) | Monthly income (KSh) |
|---|---|---|---|
| 1 | ≥ 5 litres/day | 150.00 | 4,200 |
| 2 | 4.1–5 litres/day | 127.50 | 3,570 |
| 3 | 3.1–4 litres/day | 82.25 | 2,303 |
| 4 | 2.1–3 litres/day | 37.50 | 1,050 |
| 5 | ≤ 1.5 litres/day | 15.00 | 420 |
Monthly income is calculated at 28 days per month. Categories are assigned from a 3-month rolling average yield and remain stable for the following quarter.
Maximum potential earnings: KSh 84,000 per goat (Category 1 × 560 milking days).
6. Payment Schedule
Milk income is paid monthly. The Farm Partner reconciles production each month and GoatVest credits the income to your Cash Earnings balance by the 15th of the second calendar month following the production month — the same model as a monthly billing cycle with a processing lag.
| Production month | Credited by |
|---|---|
| January | 15 March |
| February | 15 April |
| March | 15 May |
| April | 15 June |
| May | 15 July |
| June | 15 August |
| July | 15 September |
| August | 15 October |
| September | 15 November |
| October | 15 December |
| November | 15 January |
| December | 15 February |
Income accumulates in your Cash Earnings balance and can be withdrawn to M-Pesa at any time (subject to platform limits).
7. Insurance and Risk
Insurance is the Investor's responsibility. The certificate holder is solely responsible for insuring the goat against loss, death, or theft for the full 36-month cycle. GoatVest may offer facilitated insurance with premiums automatically deducted from your Cash Earnings (subject to availability). GoatVest strongly recommends that all investors maintain cover throughout the cycle.
Force Majeure. The Farm Partner is not liable for losses arising from Force Majeure or Acts of God — including epidemic, natural disaster, or extreme weather. In such cases no replacement animal or compensation is owed by the Farm Partner.
Farm Partner negligence. In the event of animal death due to proven Farm Partner negligence, GoatVest will investigate and facilitate a resolution in accordance with the signed GMA.
No guaranteed return. Milk production is not guaranteed. Income depends on animal health, breed, feed quality, and seasonal conditions.
8. GMA-Specific Rules
Farm-purchased goats must remain under GMA management for the full 36-month term. Early withdrawal is not permitted.
Externally sourced goats (brought by the Investor from another farm) may be withdrawn on two (2) months' written notice to GoatVest. The goat is released after the notice period.
Secondary market exit: Any Investor may exit at any time by listing and selling the Certificate of Ownership. The goat stays at the farm; only ownership transfers. A KSh 500 transfer fee applies.
Either party may terminate the GMA with two (2) months' written notice, subject to the origin rules above.
Farm access: one free Open Day per investor every 6 months. Private appointments: KSh 1,000.
Rejected goats (failed 4-week assessment): must be collected within 30 days or ownership is relinquished to the Farm for sale.
Registration fee: KSh 1,000 (non-refundable) for goats brought from other farms. Goats purchased from GoatVest's farm waive this fee.
9. At End of the 36-Month Cycle
The certificate holder chooses one of three options:
- Renew — sign a new 36-month GMA and keep earning.
- Collect — take the goat home at end of term.
- Sell — the Farm facilitates a sale at mutually agreed market price.
10. Full Agreement
The full signed GMA document is available to download from your certificate detail page. GoatVest recommends you retain a signed copy. In the event of any conflict between this summary and the signed GMA, the signed GMA prevails.