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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.
PL0000594
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 6.11 ha | 6.11 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 29,123.00 € | 3,297.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
About the project
The owner of the project has been running his farm in Goszczyn, Poland since 2018. He specialises in growing cherries, plums, apples and strawberries. At the moment the farmer cultivates 6,11 ha of owned land and has plans to expand his farm further in the next year.
The project owner sells his produce in the marketplace in Warsaw and in a few other cities. Now the farmer’s plan is to expand the business further by starting to grow vegetables. He has a lot of prospective clients that are already willing to buy vegetables from him thats why he believes it to be the right next step.
To achieve this goal the farmer is borrowing 16 925 EUR from the HeavyFinance investor community in order to purchase plastic tunnels and seeds. The loan will be secured by a pledge on a tractor.
Annual interest
- Investing from €100 - interest 10,5%
- Investing from €500 - interest 11,3%
- Investing from €1 000 - interest 12%
- Investing from €2 000 - interest 12,2%
- Investing from €5 000 - 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.