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.

PL0000760

Goal
7,503 €
Raised
7,503 €
100%
Return rate
13.5%

Rating
A

Period
30

Time left

LTV
60%

Country
Poland

Loan purpose
Working capital

Business information
Security measures
Loan history
Project owner Address
Xxxxx Xxxxąx
Xóxxx Xxxóxxx 17 26-903 Xóxxx Xxxóxxx
header_1 Declared Owned
Dirbama žemė12.00 ha12.00 ha
20202019
Revenue 11,677.00 € 7,729.00 €
Net profit - -
Equity ratio - -
Project description
Documents
Payment schedule

About the project

The farmer inherited a farm 20 years ago and now declares 12 hectares of arable land.
The farmer works on the farm with her husband and son (which will inherit this farm).

On the farm there are grown: wheat (6ha), seed peas (1.5ha), lupine (1.5ha), forage seradela (1ha), and forage meadows (2ha). All of the crops are dedicated to cattle, the farmer made ecology forage by herself.
The main production on the farm is meat. The farmer has 4 cattle, 4 calves (mixed races Simental, polish red with milk cattle), next 4 calves are in order.

The farmer sells her products to the local recipients. The farmer already has 1 tractor and another 5 brand new machines that are going to be pledge as collateral (the value is based on the commercial offer of equipment bought in April 2022)

 Currently, the project owners seek to purchase more cows, bales, and build a shed. Farmer is, therefore, taking a loan for working capital. 

The revenue from 2019 consists of 3 436 € in EU subsidies and 4 315 € in ECO subsidies.
The revenue from 2020 consists of 3 481 € in EU subsidies and 8 229 € in ECO subsidies.



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.