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.

PL0001591

Goal
99,000 €
Raised
99,000 €
100%
Return rate
From 19.86%
Rating
B
Period
58
Time left
LTV
38%
Country
Poland
Loan purpose
Equipment purchase
Business information
Security measures
Loan history
Project owner Address
XXXX-XXX Xxxxx Xxśxxxxxxx, Xxxxx Xxśxxxxxxx
Xxxx 18X, 22-100 Xxxłx
header_1 Declared Owned
Farming land300.00 ha27.00 ha
20222021
Revenue 169,591.00 € 67,245.00 €
Net profit - -
Equity ratio - -
Project description
Documents
Payment schedule

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Kamil Kuśniewski owns a farm since 2011 when he took it over from his parents. Later he bought additional farmland and agricultural equipment. Currently, he owns 29 hectares in addition to which his mother has another 40 hectares of agricultural land. Additionally, they have about 60 hectares of land on lease from the state treasury from the KOWR and 250 hectares of agricultural land on private leases. 

The entire farm consists of four smaller farms of his mother, sister and brother-in-law, however, it's worth noting Kamil is the main manager of the entire joint farm. 

Kamil is engaged in mixed farming of cereals, rapeseed, sugar beets, corn, soybeans, malting barley, and mustard. The entire family works on the farm as well as two permanent employees because of the services they also provide for other farmers. 
The mentioned services are: agriculture sowing, grain harvesting, post-harvest cultivation, compressing grain straw as well as providing transport services.

Because of the above, the machinery park consists of: 
  • MASSEY FERGUSON 8S 205 tractor
  • NEW HOLLAND T6 175 tractor
  • NEW HOLLAND T6 145 tractor
  • ZETOR PROXIMA 65 tractor
  • CLASS 98 SL combine harvester
  • LEMKEN tillage and seeding kit
  • MASCHIO GASPARDO 5-blade plow no-till unit
  • GRANO SYSTEM disc crow
  • UNIA Pilmet sprayer
  • UNIA spreader
  • UNIA rotary harrow
  • AGRO-MASZ spring unit
  • trailers x7 

Crops are dominated by winter wheat of about 100 ha, winter rapeseed of 60 ha, sugar beets of 30 ha, winter barley of 20 ha, soybeans of 50 ha, mustard of 10 ha and about 130 ha of corn. The farmer uses a no-till system, intensive fertilization and protection thanks to which we get high yields and quality goods. Kamil plans to develop the farm in the direction of providing services with a combine harvester for harvesting sugar beetroot oil and hauling the beets to the heaps. He has contracts that show the ability to provide services with this harvester. 
The planned profit after the purchase of the harvester should oscillate around 400,000 PLN per year. 

The farmer has contracts for the collection of agricultural counter crops, for example, with the Krasnystaw sugar factory Polski Cukier, a contract for the sale of straw with Unikost, and a contract for sugar beets with Krajowa Grupa Spożywcza S.A. (which is Poland's biggest and one of Europe's largest sugar producers). 

The project owner plans to further develop in the direction of intensifying crop production and expanding the range of services provided to agriculture.

This is his 2nd loan from HeavyFinance and this financing will be used to purchase the above-mentioned beetroot harvester, which will also secure this loan alongside with a land.

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.