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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.
PT0000578
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 40.00 ha | 18.00 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 owner of the project, who started farming in 2017, manages a 40 ha mixed farm in Figueira, Portugal. He works on an agricultural property that has been in the family for over 60 years. At the moment, four people are helping to look after the farm.
The farmer cultivates several crops: 8 hectares of the land are dedicated to olive groves that annually produce approximately 10 tons of olives and 5 ha almond trees that annually produce 2 tons are sown. The other 5 ha are allocated to pastures and silage for the sheep, and the final 22 ha are meant for the production of cereals and fodder. The farmer currently has 100 heads of sheep, half of which are of the Churra Galega Mirandesa breed.
Now the farmer is ready to expand and develop the business. He is asking the HeavyFinance investor community for 15 000 € to increase the working capital. The funds will be used to improve the fencing in the pastures, plant new silages and cereal for fodder (increasing their production by 5%).
The farmer declares 40 ha of land, of which 18 are owned.
Annual interest - 13%
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.