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.

PL0002017

Goal
43,203 €
Raised
43,203 €
100%
Return rate
up to 14.7%
Rating
B+
Period
48
Time left
LTV
50%
Country
Poland
Loan purpose
Equipment purchase
Business information
Security measures
Loan history
Project owner Address
Mirosław Zabrocki Podwieżanka 5, 17-207 Czyże
header_1 Declared Owned
Dirbama žemė 120.00 ha 24.00 ha
20232022
Revenue 287,328.00 € 272,210.00 €
Net profit - -
Equity ratio - -
Bendra įkeisto turto vertė

86,407.00 €

Heavy equipment Tractor 2015 86,407.00 € According to independent property valuation
Other Personal liability - -
Daugiau apie apsaugos priemones skaitykite čia.
Loan number Project goal Outstanding principal Paid interest Status
PL0002017 43,203.00 € 43,203.00 € 0.00 € Pilnai finansuota
PL0001989 36,430.00 € 36,430.00 € 0.00 € Aktyvi
Project description
Documents
Payment schedule
The farmer has been farming since 1993 when he took over 13ha from his parents. Since then, he has managed to expand the farm to 120ha of which he owns 24ha.

He runs the farm jointly with his wife and son. He is engaged in crop production, and his sowing structure is 50ha of wheat, 50ha of winter rapeseed and 20ha of corn for biogas. At the moment, he does not have a suckler herd of beef cattle, but his buildings are adapted to raise 60 head.

On the farm, I use machinery such as: URSUS C 360 3P 1991, FENDT 936 Vario tractor 2003, METANGA disc harrow 4m 2020, AMAZONE active harrow with overhead seeder 2021, KRONE MX320 GD forage wagon 2017, PRONAR t900 trailer 2022, AMAZONE fertilizer spreader 2017, and more.


The funds are to be used for the lease buyout of MCCORMICK X7.680 tractor 2015, KRONE BIG X500 forage harvester 2013. The MCCORMICK X7.680 tractor will be registered as collateral for this loan.
The farmer plans to switch to no-till in the near future, so after buying out these machines his next purchase is to be a three-bar unit with fertilizer feeding. In 3 years he plans to buy 10 ha of land on his own and already be 100% in no-till. 

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.