Project cancelled

PL0000506, Loan for the renovation of barns with a pledge on 13,13 ha of land

Raised:
0.00 €
Goal:
65 750.00 €
Loan number
PL0000506
Yearly return rate
12.5 %
Goal
65 750.00 €
Loan period
36 Months
Risk rating
C
Extra measures
Pledge of assets
Investors
0
Location
Poland
Introduction
Detailed Information
Project owner
Project risks
Documents

Secondary market

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Introduction

About the project

The owner of the project has been running his farm since 2007. The farm mainly focuses on growing cereals for grain, fodder for cattle (silage) and breeding beef cattle. The farmer started cattle farming four years ago and now he plans to increase the herd to 100 heads, therefore he needs funds to modernise the barns.

The farmer has an extensive technical fleet - he uses tractors Case CS350 and John Deere 9310, a cultivator with seeder, a sprayer Caruelle Olympia, a front loader, a subsoiler, a Lemken plough, a fertiliser spreader and a disc aggregate. Many of them were bought or upgraded in the last five years.

Now the project owner is borrowing 65 750 € for various upgrades in his farm including the purchase of a grain dryer and more heads of beef cattle for breeding. The loan will be secured by a pledge on 13,13 ha of land.

Annual interest - 12,5%

Detailed Information

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Project owner

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Project risks

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Documents

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Success

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