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.

PL0001414

Goal
48,000 €
Raised
48,000 €
100%
Return rate
From 13.6%
Rating
B
Period
36
Time left
LTV
50%
Country
Poland
Loan purpose
Land purchase
Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxxxx Xxxxxx
Xxxxęxxxx 3, 87-853 Xxxxxxx
header_1 Declared Owned
Farming land78.50 ha54.50 ha
20222021
Revenue 194,464.00 € 201,011.00 €
Net profit - -
Equity ratio - -
Project description
Documents
Payment schedule
The farmer has been working on the farm since 2004 when his parents gave him the land. 
The farmer's primary income comes from crop production with the current sowing structure of:
  • cereals - 54.3 ha
  • sugar beet - 12.7 ha
  • rapeseed - 11 ha
In 2019, the project owner became the farmer of the year in his region and was awarded in the "Agro Champions" competition.  The entrepreneur's farm also won the "Safe Farm" competition. 

The farmer's income is slightly lower in 2022 than in 2021 because he has not yet sold all the crops. The farm is sustainable, and production is carried out with precision technology through Bravo 300s and Rauch navigation.

The farmer cultivates the soil by ploughing using such machinery as:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
  • ZETOR PROXIMA 65 tractor (2009)
  • DEUTZ FAHR AGROTRON M 620 tractor (2010)
  • NEW HOLLAND T7.260 tractor (2018)
  • NEW HOLLAND combine Harvester (2019)
  • PRONAR T672/1 trailer (2009) x2
  • UNIA POZNANIAK grain seeder (2017)
  • KUHN RAUCH fertiliser drill (2017)
  • KRUKOWIAK GOLIAT sprayer (2019)
                                                          
This is the second loan out of 2 planned and it will be used to buy 24 hectares of land he currently leases from his parents.
Both of the loans are secured by the same land with a total value of 192 647€.

In the next few years, the farm will be expanded and he will switch to a no-till system.

Income for 2022 consists of 21 261€ 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.