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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.
PT0000337
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Loan to current asset value ratio: - 47,56 %
About the project
Help the cherries orchard, located in Lavacolhos, Portugal, grow with your financial contribution.
An experienced farmer opted to purchase a 6,916 hectare cherry farm in 2020. The location has ideal growing conditions for berries, with a yearly harvest of 20-30 tons of cherry, after receiving an inheritance.
The farmer has ambitions to expand her cherry-growing area and increase production efficiency by purchasing extra harvesting equipment. The new equipment will make it easier to prepare the field and pick cherries more efficiently without losing important income, guaranteeing that no quality berries go to waste.
Area of declared land: 6,916 hectares.
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.