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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.
PT0000546
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 8.00 ha | - |
| 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 farmer representing the project for Feliz Aptidão Unipessoal Lda., has been working in the field of agriculture for over 20 years, ever since he moved from Brazil to Portugal. The first half of these years he spent working and managing the Vale das Rosas firm.
In 2014 the farmer joined the IFAP project for asparagus production and has now expanded to 6 ha of asparagus sown.
Now the project owner is borrowing 10 000 € in order to increase the working capital. The money will mainly be used to hire the workforce needed to help with the harvest.
In the nearest future the farmer plans to buy the plot of land he is currently renting, expand cultivation to 7 ha and in turn increase the production of asparagus.
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.