Create an account to make your first investment in only few steps!

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.

PT0000783

Goal

11,000 €

Raised

11,000 €

Return rate

12.5%

Rating

B+

Period

Time left

LTV

Country

Portugal

Loan purpose

Equipment purchase

Business information

Security measures

Loan history

Project owner	Address
Xxxé Xxxxxx Xxxxxxx Xxxxxxx	5370-140 Xxxxxxxx, Xxxxxxxxx, Xxxxxxxx

header_1	Declared	Owned
Farming land	54.00 ha	54.00 ha

	2020	2019
Revenue	55,962.55 €	55,485.69 €
Net profit	-	-
Equity ratio	-	-

Project description

Documents

Payment schedule

The project owner's farmland has been passed down and explored by his family for the past 48 years and is now worked by the project owner and his brother.

The farm is located in Mirandela, in the dry mountains of the north interior of Portugal, and amounts to 54h where they produce Olive oil and almonds, and also grow 23 heads of goats and sheep.

The brothers and their families are the main workforce of the farm, but they also hire extra workers as needed for specific work seasons.

At the moment they need to invest in new implements to optimize the farm production so they decided to take the loan with HeavyFinance.

They plan on repaying the loan in under 2 years with the yearly subsidies they receive for the farm.

To incentivize our investors to finance this project, HeavyFinance is offering a 0,5L bottle of Portuguese Olive oil for each investor that finances at least 400 euros, 2 bottles for investments of at least 750 euros, and 3 bottles to investors that finance 1000 euros and above.

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.