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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.
PT0000734
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 35.00 ha | 0.00 ha |
| 2020 | 2019 | |
|---|---|---|
| Revenue | 86,392.97 € | 48,237.45 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
About the project
The project owner rented roughly 35Ha of vineyards dedicated to “Vinho Verde” in “Ponte de Lima” in the heart of the “Vinho Verde” region. 32 Ha are planted with “Loureiro”, a typical white wine grape of the region and 3 Ha of “Vinhão”, a red wine grape also typical in the region. The project owner has been working with wine since he was very young, working in the large vineyard his father was responsible for until he went to university.
He feels that growing and producing wine is his calling, so he started his own production 7 years ago, right after he finished his agronomy degree. Since then he has slowly invested in optimizing production, as he sees this strategy as a key factor to become more competitive in the market. This investment was reflected both in the automation of several processes and the implementation of integrated farming methods (fully implemented in 10Ha of vineyard at the moment).
The purpose of this loan is in line with his strategy of investment in the optimization of the vineyard processes, and the funds will be used to acquire specialized prunning and shredding machines. The project owner explores the vineyards together with his brother, hiring the necessary local workers in the seasons where work is more intense, as is the common practice in the region. The project owner sells a part of his grapes to large wine producers, but also has his dedicated production with his own brand, registered in the “Comissão dos Vinhos Verdes” (State entity that regulates the “Vinho Verde” region).
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.