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.

PL0001085

Goal
12,138 €
Raised
12,138 €
100%
Return rate
11.5%
Rating
A
Period
24
Time left
LTV
50%
Country
Poland
Loan purpose
Equipment purchase
Business information
Security measures
Loan history
Project owner Address
Xxxxxxxxx Xxńxxxx
Xxxxxłx 14, 18-106 Xxxxśń Xxśxxxxxx
header_1 Declared Owned
Farming land36.00 ha16.00 ha
2022
Revenue 30,978.00 €
Net profit -
Equity ratio -
Project description
Documents
Payment schedule

The farmer took over the farm from his brother in April this year, so this is the first year that income is being earned on his behalf. Before the takeover, he had been working on the farm for more than 10 years, and at this point, he has become the owner, while his father and brother help him with the day-to-day work on the farm. The farm consists of 36 hectares, of which he owns 16 hectares.

The farm is focused on milk production and the crop cultivation is geared towards animal feed. They have a contract with the ŁAPY dairy cooperative, which collects milk from them every 2 days. At the moment, the farmer has 25 dairy cows (Holstein-Fresian), 14 high-calf heifers, six bulls (Siimental and Limousin mix), and 18 calves. In addition to grassland, 6ha of cereal mix and maize for silage and 10ha of maize for grain are grown on the farm.

On the farm, they use machinery such as:
  • METAL-FACH baler (2020)
  • TYM tractor (2016)
  • CASE tractor (1999)
  • CYNKOMET manure spreader (2000)
  • SAMASZ bale wrapper (2000)
The main goal of the farm for the next 3 years is to start breeding bulls, they plan for the breeding to number 50 heads. The loan funds will go towards purchasing a KABERLAND 2015 seeder with a cultivation unit.

The revenue for 2022 consists of 6 043€ in subsidies.

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.