Summary

About project no PL0000713

The farmer inherited a 10ha farm in 1998. Since then he has been continuously developing it.
In the last 24 years, he has increased the farm to 50 ha of which 20 ha are his property. The farmer specializes in crop growing and pig breeding. He grows 14ha of rape, 4ha of soya, 10ha of wheat, 7ha of triticale, and 15ha of oats.
His pig population is about 4000 heads per year. He manages his farm on his own and uses machinery such as a combine, barrel truck, aggregate, plows, tractor with loader, spreader, and sprayer.

The farmer needs funds for the purchase of a POMOT brand water tanker and a KUBOTA brand tractor. The machines cost about €100,000, but the farmer only needs money from us for his own contribution to the purchase.
He has received a grant that will reimburse him for a significant portion of the purchase of equipment, but for this, he needs to obtain a documented own contribution.

Loan information PL0000713

Raised €12 412
Remaining €0
Goal €12 412
Left 0 Days
Return rate 12.0%
Risk rating A
Loan period 48 Months
LTV 58%
Country Poland
Repayment type Normal period
No of investors 52
Security measures Pledge of assets, Sole accountability

Business information

Declared land, ha 50.00
Owned land, ha 20.00
Revenue
2021 €67 789
2020 €130 891

Security measures

Type Description Value Valuation method
Land KW LU1R/00084157/3 (plot no. 061503_2.0006.620/4 (1,72 ha), plot no. 061508_2.0013.108 (1,14 ha)) €21 471 HeavyFinance valuation statement
Other Sole accountability
Total value of pledged assets €21 471

Annual interest

Investing from €100 12.0%

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.

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