Invest in PT0000932

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Projects list

Risk rating

Months

LTV

61%

Goal

€35 500

Raised

€35 500

Risk rating

Months

61%

LTV

Goal:

€35 500

Raised:

€35 500

Annual interest

Investing from €100	11.10%
Investing from €500	11.80%
Investing from €1 000	12.10%
Investing from €2 000	12.60%
Investing from €5 000	12.80%
Investing from €10 000	13.20%

Business information

Revenue
Declared land, ha	180.00
Owned land, ha	140.00
2021	€182 984
2020	€98 943

Security measures

Type	Subtype	Description	Value	Manufacture year	Area size	Valuation method
Land		Farm land Artigo Rústico 33 - CRP 973 (1.66 ha)	€58 100			According to independent property valuation
Other		Sole accountability
Other		Personal surety of the project owner's spouse
Total value of pledged assets			€58 100

The purpose of this loan is to face the steep increase in harvest costs, prepare the next season, and to do improvements to the farm structure. For this, the project owner offers a family land as collateral with 61% LTV.

These farmlands amount to 140Ha and have been passed down from father to son in the “Casimiro” family for the past 4 generations. The project owner is also exploring an additional 40 Ha of rented land.

115 Ha of the farmland are orchards of Pears, plums and apples, while the remaining 65 Ha are dedicated to vineyards. He is a strong producer of te Portuguese typical “Pera Rocha” pear, supplying large wholesalers.

Their main wine cellar was renewed and fully re-equipped in recent years, to increase their own wine production and they are also in the final phase of the restoration of the family’s 200 years old wine cellars. Given the proximity to Lisbon, the beachside, and premium golf courses, they believe that this will help the farm to fulfill its potential and become a profitable place for events and wine tourism.

Some of the farm lands were re-planted recently with improved organization and structures, which implies an increase in production in the next years, and they have their own water holes and efficient irrigation systems in place. The farm is also mechanized, having its own harvesting platforms and harvesting machines. The size of the workforce varies depending on the farm work season, hiring local workers to face more work intense tasks.

They are now in the process of international expansion of the wine company, which was established in 1998, and have been registering their wine brands for export.

The sales of the farm production (both fruits and wine) are assured by their current buyers both in the national and international markets.

Given the situation of the international markets, this year’s production costs have almost tripled. We have done our best to control them as much as possible and at this moment we have, fortunately, another harvest almost ready.

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.