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.

PL0000897

Goal
17,269 €
Raised
17,269 €
100%
Return rate
From 12.5%

Rating
B+

Period
48

Time left

LTV
52%

Country
Poland

Loan purpose
Farm buildings purchase/construction

Business information
Security measures
Loan history
Project owner Address
Xxxxxxxxxxxx Xxxxx Xxxxxxxxx x Xxx Xxxxx, Xxxxxxxxx Xxxxx
Xxxxxxxxx, xx. Xxxxxxxxxxx 4, 47-300 Xxxxxx
header_1 Declared Owned
Farming land20.00 ha13.50 ha
20212020
Revenue 89,372.00 € 104,744.00 €
Net profit - -
Equity ratio - -
Project description
Documents
Payment schedule

The farmer has operated the farm since 1985, when he inherited it from his father. His farm has grown from the inherited 8ha to 20ha of which he owns 13.5ha.

He runs the farm together with his wife and they mainly raise pigs - about 800 per year. In addition, the farmer grows grain - he currently grows 5ha of corn ( some of which goes to feed), 6ha of barley, 2ha of peas, 1ha of lupine and 6ha of barley with peas.
The farmer's machinery is: 4 cultivators, a disc harrow, 3 tractors, a 15m sprayer, a four-sided rotary plow, a 20t manure spreader, 3 trailers - 6, 4.5 and 20 tons. The farmer needs funds to expand the fattening house for raising pigs.

He has already managed to purchase most of the materials with his own funds and is now just waiting for the funds to finalize the expansion. The expansion of the fattening house aims to increase breeding from 800 head per year to 1,600 head.


Active loans balance: 17 269 €
Active loan number: PL0000898 (in documentation process)

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.