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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.
PL0000598
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 60.00 ha | 60.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 109,959.00 € | 130,510.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
About the project
The owner of the project inherited the farm and started managing it in 2015. Located in Kruszwica, Poland the farm mainly cultivates corn, onions, cabbage, chives and carrots. The farmer has been gradually expanding the farm and now works 60 ha of owned land.
The owner of the project sells its crops mainly to wholesalers and shops. The farm already has ecological certificates and in the future, the farmer intends to completely convert to organic farming. The project owner expects this to help develop even better in the coming year.
The machinery used on the farm is not older than 5 years and is regularly upgraded.
Now the farmer is borrowing 45 059 € to purchase fertilisers and seedlings. The loan will be secured by a pledge on 5 units of machinery.
Annual interest
- Investing from €100 - interest 8,6%
- Investing from €500 - interest 9,3%
- Investing from €1 000 - interest 9,6%
- Investing from €2 000 - interest 10,1%
- Investing from €5 000 - interest 10,3%
- Investing from €10 000 - interest 10,7%
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.