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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.
PT0000518
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 50.00 ha | 50.00 ha |
| 2020 | 2019 | |
|---|---|---|
| Revenue | 206,950.71 € | 168,794.30 € |
| Net profit | 8,694.14 € | - |
| Equity ratio | 29% | - |
Documents
Payment schedule
About the project
The company began its activities in 2012, starting from an area of 5 ha, now it has expanded to 50 ha of land in Vale Mondego. Foz dos Aromas specializes in the production of lemon balm, thyme, lemongrass and dry aromatics, with a French distributor "Herbie du Diois" as one of their biggest customers.
Their first plantations focused on aromatics, but soon it was recognized by several companies, established in the distribution of organic vegetables, such as BIOFRADE Lda. and VASCO PINTO, Lda. In the horticultural sector they mainly grow leek, cabbage, and potatoes, all produced organically.
The company currently has 6 full-time employees and at peak times it hires more contract workers.
Foz dos Aromas has a PDR2020 (Portuguese Rural Development Programme) project in progress, with support from the European Union and is now borrowing 64 000 € in order to proceed with the project. The company plans that after the completion they will be able to increase their production by 25%.
Annual interest - 11,5%
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.