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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.
PT0000311
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
The company Poemas e Troféus Sociedade Agro-Florestal Unipessoal, Lda, established in 2017, specializes in forestry and agriculture sector. The company mainly provides deforestation and wood processing services in Portugal. The firm grows some seasonal fruits, like watermelon as well.
Now the company is preparing for the harvest of the cork oak and the cutting of 400 hectares of olive grove. To prepare for the process, the firm is borrowing 10.000 € to ensure suitable storage facilities for the cut cork and olive wood until it will be sold to the customers.
How does the cork oak harvest look?
The life cycle of cork begins with the extraction of the material from cork oak bark. It takes around 25 years for an oak to provide cork material for the first harvest, which usually provides the material with a very irregular structure, that can be used for flooring and insulation. After a few harvests, the oak starts producing the better quality cork which can be used to make wine bottle stoppers.
The harvesting of the cork oak is quite complicated and requires expert skills since it is vital not to harm the trees during the extraction process.
Interesting insights:
- Cork oak tree forests cover around 2 million hectares of land in the world and Portugal has 34% of the world surface of cork oak forest.
- The cork grows back once extracted, therefore the extraction process does not harm the tree.
- It takes nine years for the tree to regrow the cork, and the tree can be harvested between 15 to 18 times during its lifespan, which is 200 years.
Annual interest - 12,5%
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.