About project

The farmer has operated his farm since 2007. He inherited it (11 ha) from his parents and since then he has gradually increased his farm through leases.
For now, he has 11 ha of land in ownership and 40 ha of land in lease. The farmer runs the farm with the help of his wife - he raises beef cattle and grows crops.

At the moment he has 40 heads of cattle, he grows 15ha of corn, 15ha of wheat, and 10ha of triticale. The crop is used as feed for the cattle, however, the surplus crop is sold. He uses machinery such as a tractor, loader, sprayer, and disc aggregate.

The farmer has a contract for the exclusive sale of cattle to Sokołów - one of the largest meat-producing companies in Central and Eastern Europe.
Sokołów has been exclusively buying cattle from him since 2017, and this year he received word from the company that they are willing to increase his contract and buy more cattle from him.

To that end, the farmer wants to raise funds to remodel the barn so that he can increase the number of rooms and thus increase his production (which he plans on doing for the next 3 years.)

Revenue for 2021 consists of 6 000 € in subsidies.

Loan information PL0000712

Raised €22 022
Remaining €0
Goal €22 022
Left 0 Days
Return rate 12.0% - 14.0%
Risk rating B+
Loan period 48 Months
LTV 60%
Country Poland
Repayment type Normal period
No of investors 76
Security measures Pledge of assets, Sole accountability

Business information

Declared land, ha 51.00
Owned land, ha 11.00
2021 €27 097
2020 €31 206

Security measures

Type Description Value Valuation method
Land KW PT1P/00029381/9 (68 plots, 7,9 ha) €36 746 Based on the average prices presented by Central Statistical Office and the Agency for Restructuring and Modernization of Agriculture
Other Sole accountability
Total value of pledged assets €36 746

Annual interest

Investing from €100 12.0%
Investing from €500 12.8%
Investing from €1 000 13.5%
Investing from €2 000 13.7%
Investing from €5 000 14.0%

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.