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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.
PL0001154
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 0.79 ha | 0.79 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 72,862.00 € | 57,958.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
The owner of the project inherited the farm from her grandparents in 2003. The farm specializes in breeding poultry for meat. The farmer takes care of the farm with the help of her parents. Until now, they have been mainly breeding broilers but recently they started switching to roosters for export.
Machines used on the farm:
- Cumberland spiral feeders (2010)
- Fancom ventilation system (2013)
- VAL drip irrigation system for chickens (2013)
- Fancom Silo (2020)
- Fancom electronic poultry house parameter control system (2020)
At the beginning of the year, the project owner signed a 3-year contract with a Dutch company for a minimum of 44 000 € net per year. The deal is strictly for exporting roosters.
Right now the farmer breeds 21 800 roosters in a 14-week cycle, but she plans to expand their production in the upcoming year to 25 000 roosters per cycle.
To this end, she wants to purchase a van to deliver probiotics, medicines, vitamins, and protective clothing for the chickens. The funds will also be used to repay a previous loan from HeavyFinance.
The loan will be secured by 0.79ha of land, which also includes the entire chicken farm and the necessary infrastructure. The same land is used as collateral for the farmer's first loan, which has been repaid on time every month.
Our client renovated her poultry house with that loan which helped her maximize production at the time.
The client's revenues consist of invoices, tax declarations and contract of employment.
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.