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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.
PT0000280
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
We invite you to invest in a new great project of a family business that proves how making the right decisions on time and with a little support of investments can help expand from a small business with the prospect of growing into a big one. Shiitake is an edible mushroom native to East Asia that is grown and consumed around the world. This mushroom is used not only as food but also as medicine. It is said that shiitake helps with diseases of the upper respiratory tract, cleanses the blood, has a positive effect on potency, promotes vitality. It is a source of valuable substances with eight amino acids, ergosterol, protein, vitamin B6.
In 2014, Sara and Nuno decided to start a small Shiitake mushroom production adventure on family land that has been proudly passed down by their ancestor's generation by generation. They have been growing Shitake mushrooms in oak logs. Although oak is a more expensive option, they believed that it provided a better taste, texture, and look to the mushrooms. In 2020 the wood naturally started to become exhausted and in need of replacement. With their experience, they saw this as an opportunity to optimize their production, and so they changed the production method in January of 2021 to inoculated substrate logs that are kept frozen until the moment of thermal shock and production. This method has advantages. One of them is better production control during pandemic and confinement periods because it allows it to halt production by keeping them frozen, without the deterioration of the logs that happens with oak.
The pandemic and investment in new mushroom growing technology affected the negative results on the profit line in the company’s balance sheet, but the first half of 2021 brought excellent results, so it was decided to invest and expand production further.
The 9.900 euros of loan needed for working capital will be used to increase their production: buying more inoculated substrate logs, and expanding the irrigation system.
Annual interest
- Fixed-rate 14.5 %
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.