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Agriculture loan
Agriculture loans are tailored to acquire capital for various purposes such as expansion, inventory purchase, equipment acquisition, hiring staff, or to manage day-to-day operational expenses. The terms and conditions of these loans vary depending borrower's creditworthiness, collateral, repayment tenure and other factors.
PL0000461
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 13.39 ha | 13.39 ha |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
The project owner, who took over the management of the farm from her family, is serious about improving it - she is studying agriculture and is constantly looking for different opportunities to improve the farm. So far, she has already benefited from state subsidies for farm development and is planning to buy a new tractor in the coming year. Although the main ambitions to innovate the farm are driven by the project owner, the farmer's family is still actively involved in its management.
The farm in Goszczyn, Poland, mainly produces cucumbers, courgettes and lettuce. The farm's income in 2021 was around 130 000 EUR, however the project owner says she has concrete plans to grow and expand even further in the coming years.
The farmer is currently borrowing 23.625 € to purchase additional 15 hectares of land. The loan will be secured by a pledge of the farmland (total area of 3,77 hectares).
Annual interest - 12,5%
Project risks
For this project, there is a risk of losing all the profits made and the funds invested.
In this case, if the Project Owner fails to fulfill its obligations, the Platform Operator will take all necessary measures to protect the interests of investors and use the provided collateral, but the Platform Operator does not guarantee the full fulfillment of the Project Owner's obligations.
Financial agreements are not subject to the insurance protection established by the Law on Insurance of Deposits and Liabilities to Investors of the Republic of Lithuania.
Additional information:
If the project owner does not collect the amounts to be financed, the collected funds will be returned to the funders by transferring them to the account from which they were transferred. The Platform Operator also has the right to offer the Project Owner to reduce the amount to be financed during the Project financing term or to extend the Project financing term. In this case, if the amount to be financed is reduced or the term of financing the Project is extended, it shall in all cases be announced on the Platform and the Fund's financiers shall be informed.