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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.
PT0000522
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Sole accountability
This loan is secured by sole accountability from the project owner. Read more about this security measure here.
About the project
The owner of the project started farming almost 10 years ago. He owns a vineyard that spans over 2 ha in Rio Maior, Portugal. He looks after the vineyard along with his son and at the time of the harvest they hire more people in order to help with the collection of grapes and production of wine.
Ever since the beginning the farmer has been working to improve the quality of the grape variety he grows (French Castle) which in turn helps to refine the quality of his wine. Now he has 10,000 l of wine ready to be sold in March when the wine reaches its maturity age.
The vineyard annually produces an average of 15,000 l. The farmer sells the wine directly to the final consumer in 10 l and 5 l cases, as well as in 50 l barrels.
Now the owner of the project is borrowing 11 500 € in order to buy a 300 l automated sprayer for his tractor, replacing an existing one that is over 20 years old. The remaining amount will allow to make other small improvements in the vineyard.
Annual interest - 14%
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.