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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.
PT0000312
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Loan purpose:
Working capital to renew the warehouse and optimize production. The loan will be secured by a pledge of heavy equipment and 1,5 ha of agricultural land.
About the project:
A farmer started to work on his parents’ dairy farm when he was 15 years old and later inherited the family farm from his father. The dairy production on the farmland has been active for over 40 years and today produces milk from 70 cows. The farmland has 2.2 ha of pastures and 0,08 hectares of land is dedicated for a warehouse.
In 2009, the farmer founded a company, which continues dairy production. The company maintains a long-standing and ongoing purchase agreement for its production with “AGROS” - one of the major milk and dairy brands in Portugal.
While looking at financial data, you can see that the company experienced the loss - the negative result comes from the accumulated loss of the 2016 year, but the farmer is improving his business ever since and reducing the negative results even during the global pandemic. Now it is expected that in 2022 the company’s net profit will be positive. Therefore the company is now willing to receive the funding to improve productivity and accelerate growth.
Annual interest
- Investing from 100 € - interest 12,0%
- Investing from 500 € - interest 12,7%
- Investing from 1.000 € - interest 13,0%
- Investing from 2.000 € - interest 13,5%
- Investing from 5.000 € - interest 13,7%
- Investing from 10.000 € - interest 14,1%
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.