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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.
PT0000692
| Project owner | Address |
|---|---|
| António José Pedro Salgado | Rua dos Combatentes da Grande Guerra, nº 6, 5340-327 Macedo de Cavaleiros |
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 14.00 ha | 17.00 ha |
| 2020 | 2019 | |
|---|---|---|
| Revenue | 20,777.84 € | 17,758.08 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
About the project
The farmer explores an area located in the Macedo de Cavaleiros district of Bragança, totaling 17 ha, of which 14 ha are cultivated. The cultivated area consists of 8 ha of olive, 3 ha of almond, and 3 ha of chestnut.
All the production of the chestnut and almond is sold to the agricultural cooperative of Macedo de Cavaleiros. While part of olives is sold to the agricultural cooperative of Macedo de Cavaleiros, and the rest is used to produce 1,200 Lt of olive oil.
The almond and olive groves are still not producing in their flatness, and it is expected that in two years’ time the farmer will be producing 20,000 kg of olives and 10,000 kg of almonds.
Currently the farmer manages the farm by himself and he is hiring some seasonal workers, but when it is necessary to prune the trees,
The farmer is now seeking to borrow € 11 500 from the HeavyFinance investor community in order to purchase the necessary equipment for chestnut plantation.
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.