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.

PL0001240

Goal
13,093 €
Raised
13,093 €
100%
Return rate
13%
Rating
B+
Period
36
Time left
LTV
50%
Country
Poland
Loan purpose
Farm buildings purchase/construction
Business information
Security measures
Loan history
Project owner Address
Xxxxłxxxxx Xxxx
Xxxóxxx 1x/32, 88-153 Xxxxxxxxx
header_1 Declared Owned
Farming land33.81 ha13.00 ha
20222021
Revenue 148,321.00 € 109,959.00 €
Net profit - -
Equity ratio - -
Project description
Documents
Payment schedule
The owner of the project acquired his farm in 2015 when his parents passed on the land (10 hectares) to him. Since then, he has dedicated himself to modernising the farm, specialising in onions and potatoes, while also increasing the acreage.
Current sowing structure:
30 ha of potatoes, 12 ha of onions, 5 ha of sugar beet, 6 ha of mung beans, and 7 ha of wheat.

The sowing structure is larger than the declared acreage because he cultivates the land through an agreement with his neighbours. He currently farms 35 hectares of documented land. The total cultivation that results from the farmer's declaration and the amount of crops sold on invoices is 60 hectares.

The farmer aims to fully automate production to eliminate the need to employ additional workers. His brother helps him with most of the duties. The project owner is currently awaiting sustainable agriculture certification and has already gone through all the required procedures. In addition, he is actively involved within the onion producers association as he's considered as being one of the most respected onion producers in his region.
As an experienced farmer, he advises on how to grow crops correctly in a no-till system. He has even been featured in the respectable Polish press:

The farm utilises the following machinery to aid it in farming activities:
  • SULKY DX20 spreader (2020)
  • KVERNELAND AirNova maize drill (2023)
  • AMAZONE UG2200 sprayer (2017)
  • KVERNELAND upside cultivator (2021)
  • KUBOTA M7 tractor (2019)
  • MASSEY FERGUSON 5709M tractor (2022)
  • and specialised machinery such as weeders, and chive cutters
The funds from HeavyFinance will help the farmer to finance the construction of grain storage with an attic (70mx12m). This will result in an increase in production profitability due to the sorting plant and packing line. Another investment will be a soil mulcher to improve cultivation.
Following these adaptations, the next goal will be to increase the acreage.

Here are two videos from the farmer: https://youtu.be/JEYqsDEoBDI and https://youtu.be/xYOS9tDH04E

The revenue for 2022 consists of 10 021 € 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.