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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.
PL0001178
| Project owner | Address |
|---|---|
| Wiesław Kuśmierz, Gospodarstwo Rolne Wiesław Kuśmierz | Przytkowice 311, 34-141 Przytkowice |
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 38.00 ha | 2.50 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 593,282.00 € | 710,010.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
The project owner inherited the farm in 2005. He then formed a civil partnership in 2006, which he ran until 2019 with a friend.
Since 2018, he has been producing berries for individual customers and intermediaries farmers.
His main income is crop production: blueberries 21ha, raspberries 3ha, strawberries 1ha, cranberries 0.5ha, blackberries 0.5ha. The agro-entrepreneur owns an entire fruit packing and packing line. He also runs a nursery of blueberry seedlings on about 0.5ha.
He has regular customers such as AgroSar and PolMar, so his products also reach supermarkets. The farmer has 3 own retail outlets. The remaining fruit is sold at the market. All the farmer's crops are insured against weather events by Generali Agro.
In 2021, the farmer replaced all tractors with new ones and purchased a new sprayer. He currently uses machinery such as:
- KUBOTA tractor with loader (2021)
- KUBOTA tractor with mower (2021)
- SOLIS 90 2x orchard tractors (2021)
- single-axle sprayer AGROL
- x10 orchard trailers
The farmer has 10 permanent employees. During the 6 months, he has 40 people working for him, and during the season it is up to 100 people. The fruit is stored in a 400m2 storage facility, for which the farmer rents two more buildings.
In the future, the farmer plans to purchase a blueberry harvester and replace some of the blueberry plantings. Photovoltaic panels will be installed within the next year.
The financing from HeavyFinance, will help the farmer to complete the planting and make his farm more sustainable through the use of new machinery. The loan is part of a larger working capital financing.
In 2020, the client's income was 313,987 €. The difference in income in 2022 and 2021 is due to the lower price of blueberries last year.
For 2023, the agro entrepreneur is planning between 842,000 - 1,053,300 € in revenue, as the farm has increased its planting acreage by 15ha.
Income for 2022 consists of 2,158 € in subsidies. The farmer takes subsidies up to 13 ha, this is due to the type of cooperation with people who lease the land.
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.