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.

PL0001246

Goal
12,484 €
Raised
12,484 €
100%
Return rate
10.5%
Rating
A
Period
36
Time left
LTV
34%
Country
Poland
Loan purpose
Farm buildings purchase/construction
Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxx Żxłx
22-455 Xxxxxxxóx
header_1 Declared Owned
Farming land16.96 ha9.96 ha
20222021
Revenue 23,969.00 € 4,687.00 €
Net profit - -
Equity ratio - -
Project description
Documents
Payment schedule
The farmer took over the farm, which he had worked on since childhood, from his parents in 2021. He took over 9,96 ha and managed to expand the farm with 17 ha of tenancies from 2021. 

He mainly grows cereals and beans, but also grows carrots and tomatoes. Since the farmer took over his first priority was to upgrade his machinery, which he did last year. 
Currently, on the farm, he uses machinery such as: 
  • MASSEY FERGUSON 5709m tractor (2022)
  • PRONAR T663/2 trailer (2022)
  • AKPIL plough KM 180 3 (2022)
  • AGROLIFT AUK 25 cultivator (2022)
  • SULKY MASTER 3m seed drill (2000) 
  • ARMASZ 800l spreader (2020)

The farmer has big plans for the coming years, the first and the most important being that he plans to switch to no-till and to this end he plans to purchase a no-till unit this year. He also plans to increase the production of tomatoes and for this, he needs funds to purchase fertilisers and to complete the construction of his warehouse.

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.