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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.
PT0000645
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 120.00 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 company Monte Novo da Courela has been operating since 2013 when the owner inherited the business from his family and has been expanding it ever since. The farm, located in Santo Amaro, has an ecological farming certification and is of a mixed nature. They cultivate 25 ha of vegetables, 20 ha of olive trees, 15 ha of cereals and 5 ha of vineyards which they plan on expanding by another 5 ha next year. 60 ha of the farm are dedicated to cows and pastures, in the future they also intend to increase the livestock.
Monte Novo da Courela employs two full time workers and sells their produce to regional farmer associations and other big intermediaries. Their technical fleet consists of 2 tractors, a reaper and other smaller implements needed to maintain the farm.
Now the company is borrowing 14 700 € in order to implement a drop by drop irrigation system in the newly planted 5 ha of vines. They will also use part of the money as working capital needed for preparation of the 2022 season.
Monte Novo da Courela expects to sell around 6 000 € of olive oil, 18 000 € of calves, 8 000 € oflegumes and collect about 55 000 € in subsidies for production aid, in the 2022 season.
The company declares 120 ha of land.
Annual interest - 12%
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.