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.

PL0001918

Goal
34,150 €
Raised
34,150 €
100%
Return rate
up to 16.2%
Rating
B
Period
48
Time left
LTV
55%
Country
Poland
Loan purpose
Investment to increase production
Business information
Security measures
Loan history
Project owner Address
Romuald Krzywiec Nakomiady 59 /1, 11-400 Kętrzyn
header_1 Declared Owned
Farming land 151.00 ha 86.00 ha
20232022
Revenue 111,438.00 € 141,828.00 €
Net profit - -
Equity ratio - -
Total value of pledged assets

61,818.00 €

Land Agricultural land 11.00 ha 61,818.00 € Based on the average prices presented by Central Statistical Office and the Agency for Restructuring and Modernization of Agriculture
Other Personal liability 0.00 € -
Read more about security measures here.
Loan number Project goal Outstanding principal Paid interest Status
PL0001918 34,150.00 € 33,100.77 € 856.26 € Active
PL0001954 34,150.00 € 33,110.16 € 881.52 € Active
Project description
Documents
Payment schedule

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The farmer has been farming since 1980, when he took over 19.5ha from his parents. Since then he has expanded the farm to 151ha of which he owns 86ha. He runs the farm jointly with his wife and they are engaged in crop farming and cattle breeding. 

At the moment they have 50ha of corn, 15ha of triticale, 20ha of wheat, 15ha of barley, 20ha of alfalfa, 15ha of clover and the rest is green grass. On the farm they have 85 dairy cows, 20 heifers and 40 beef cattle. 

Machinery used on the farm 
  • JOHN DEERE tractor (2012) 
  • JOHN DEERE tractor (2007) 
  • KRONE FORTIMA baler (2013) 
  • JOSKIN MODULO barrel (2007) 
  • JOSKIN MODULO barrel (2018) 
  • POTTINGER rake (2012) 
  • POTTINGER tedder (2012) 
  • UNIADELTA maize drill (2017) 
  • UNIA MXL fertilizer spreader (2017) 
  • SANO PROFI COMPACT forage wagon (2012)
  • MANITOU telehandler (2010) 
  • JOHN DEERE combine (2007) 
  • WESTFALIA parlour (2013) 
  • WESTFALIA milk tank (2013) 

The farmer plans to use the funds to purchase primiparas to increase his core herd and increase milk production. The farmer plans to increase his herd of dairy cows to 100 in the next 3 years and thus significantly increase his income from milk production.

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.