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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.
PT0000354
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
A family of farmers started developing their raspberries farm in 2020 after establishing an agricultural company Freshmeridian, Lda. Now they grow berries in greenhouses, located in Sande, Marco de Canavezes. Because of the excellent soil conditions, the location has a great potential for abundant harvest - planting in its fullness will allow the harvesting of 30 tonnes of raspberries per year.
Since the company has only begun its activities in full operation in 2020, previously it focused on the preparations and planting. The company obtained EU subsidies to undertake the project, but it also extensively invested its own funds, resulting in a loss in 2020. The company's management, on the other hand, claims that 2021 was financially better for the company due to an improved sales process- Freshmeridian, Lda started working more with local customers, especially restaurants, as well as participating at municipal fairs, where the raspberries grown were sold. The expected turnover of the year is 40.000 €.
Now the company is borrowing to cover labor costs - the received funds will allow to hire more employees, so the managers will be able to focus more on commercial activities. After receiving loan and investing in company's operations, it is expected that a sales volume will reach 180.000 € per year.
Area of declared land: 2 hectares.
Annual interest - 13,5%
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.