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.

PL0001086

Goal
61,203 €
Raised
61,203 €
100%
Return rate
From 11.7%
Rating
A+
Period
83
Time left
LTV
90%
Country
Poland
Loan purpose
Farm buildings purchase/construction
Business information
Security measures
Loan history
Project owner Address
Xxxxxx Łxxxxx Xxxxxxxxxxxxxxx
Xxxxxxxxxx 62X, 59-230 Xxxxxxxxxx
header_1 Declared Owned
Farming land12.00 ha12.00 ha
20212020
Revenue 271,233.61 € 762,689.73 €
Net profit - -
Equity ratio - -
Project description
Documents
Payment schedule
The project owner inherited the farm (2ha) in 2012 from his father and has since expanded it to 12 hectares by buying the land and a chicken house from a neighbor. He manages the farm with the help of 3 workers from his other company.
The main business is organic cockerel breeding. The breeder is in a program with Verbeck and Vercap; the companies deliver and collect chickens from the breeder. In addition, the farmer has a certification number from KAT- "PL/050", a company that promotes sustainable and organic breeding. (Link: https://www.was-steht-auf-dem-ei.de/en/kat-association/control-system/logo.php).

The farmer's income changed because 2020 was the last year he engaged in extensive broiler farming. Starting in 2021, the farmer switched to organic rooster farming.

The following machinery is used on the farm:
  • Kverneland 2x bale chopper
  • John Deere tractor
  • JCB telescope loader
  • seeder
Currently, the breeder's production is 400,000 roosters per year. He is in the process of building another poultry house, which will increase production by 50,000 heads. Another investment will be to switch to self-sufficient energy sources like photovoltaic panels.

A loan from Heavy Finance will help him to complete the construction of another poultry house.

The project owner owns a Certificate of Reliability which is a document showing that there are no unpaid obligations listed in the national debtor database. This means he is a reliable and trustworthy client who can be trusted.

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.