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.

PL0001262

Goal
23,395 €
Raised
23,395 €
100%
Return rate
From 11.5%
Rating
A
Period
36
Time left
LTV
44%
Country
Poland
Loan purpose
Equipment purchase
Business information
Security measures
Loan history
Project owner Address
Xxxxx Xxxxxxxxx
77-143 Xxxxxxxxxxx
header_1 Declared Owned
Farming land20.00 ha20.00 ha
20222021
Revenue 76,762.00 € 34,642.00 €
Net profit - -
Equity ratio - -
Project description
Documents
Payment schedule
The farmer inherited a farm 33 years ago and now declares 20 hectares of arable land. The farmer works on the farm with his daughter (who will inherit this farm).

His primary income is crop production with the current sowing structure of: wheat (3ha), triticale (3ha), buckwheat (2,5ha), and lupine (2ha). He also has 6 hectares of forests and 3,5 hectares of meadows. The crops are sold to the local recipients, mainly to the same customer. The farmer also buys grain from neighbouring farmers and sells it. 

The project owner already has 2 tractors (Zetor and Ursus) and other machines needed for his business, however, he plans to buy more machinery for mowing meadows and collecting hay.
Thanks to financing from HeavyFinance he will purchase Samasz Z010/2H drum mower (2023) and Samasz rotary rake (2023). 
He wants to purchase the above machinery since there are a number of cow breeders in his neighbourhood who need his services to prepare the area for cows.

This is the client's fourth loan and all of the previous ones are being repaid on time.

Revenue for 2021 consists of 12 423 € 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.