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.

PL0001401

Goal
33,000 €
Raised
33,000 €
100%
Return rate
From 22.97%
Rating
B
Period
64
Time left
LTV
48%
Country
Poland
Loan purpose
Investment to increase production
Business information
Security measures
Loan history
Project owner Address
Łxxxxx Xxxxxąxxxxxxx
Xxxxxxxx 5, 06-540 Xxxxxxóx
header_1 Declared Owned
Farming land200.00 ha50.00 ha
20222021
Revenue 91,972.00 € 232,598.00 €
Net profit - -
Equity ratio - -
Project description
Documents
Payment schedule
The farmer has been farming since 2015 when he received 25 hectares as a donation and soon bought another 25 hectares. He now owns a total of 50 hectares and has 150 hectares of land under lease. 

He is involved in dairy farming (he has 65 dairy cows, 20 heifers and 15 fattening cows). In addition, he grows cereals: maize and sugar beet, from which he obtains fodder for the cows. He also owns grassland for grazing cows. 
The farmer works on the farm with his whole family, so he does not need to employ additional workers.

In connection with his cow husbandry and cereal farming, the entrepreneur owns equipment such as: 
  • NEW HOLLAND tractor (2015)
  • NEW HOLLAND tractor (2018)
  • NEW HOLLAND baler (2019) (securing this loan)
  • AGRO-MAX slurry trailer (2019) (securing this loan)
  • PRONAR trailer (2019)
  • plough
  • aggregate
  • seed drill

The farmer uses both conventional and no-till farming and sells the produced milk to MLEKOVITA (the largest dairy group in Central and Eastern Europe).

Funding from HeavyFinance will allow him to buy high-calving heifers to expand his cow herd.

This is the farmer's first loan out of 2 planned at the moment.

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.