Investuoti
Pakviesti draugus
Naujienos
Apie mus
Risk rating
48
Months
-
LTV
Goal:
€8 500
Raised:
€8 500
Annual interest
| Investing from €100 | 16.00% |
Business information
| Declared land, ha | 2.50 |
| Owned land, ha | 2.50 |
| Revenue | |
|---|---|
| 2021 | €14 446 |
| 2020 | €10 239 |
Security measures
| Type | Subtype | Description | Value | Manufacture year | Area size | Valuation method |
| Other | Sole accountability | |||||
| Other | Sole accountability | €0 | ||||
| Total value of pledged assets | €0 | |||||
About the project
The project owners own 2.5 Ha of Apple and Cherry orchards in Lamego. The land is worked by the project owner Alexandre and his wife, hiring local workers as necessary when the seasonal workload is more intense.
The purpose of the loan is to buy implements to make their processes more efficient. At the moment they produce 70 tons of various types of apples and 6 tons of cherries that are sold mainly to the local “cooperativa” (official farmers association) and to final customers.
The premium area for Apples in Portugal is along the interior-center of the country and the premium area for Cherries is South of the Douro also in the interior. The region of Lamego is the interception of both areas and is well known for its premium production of both Apples (notably in Armamar) and Cherries (notably in Penajóia) due to its unique climate and terroir conditions.
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.
