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.

PL0001601

Goal
29,377 €
Raised
29,377 €
100%
Return rate
From 14%
Rating
C+
Period
36
Time left
LTV
67%
Country
Poland
Loan purpose
Investment to increase production
Business information
Security measures
Loan history
Project owner Address
Ūxxxxxxxx (-ė) Xxxxxx Xóźxxxxxxx
Xxxńxx Xłxxxxxxx 1, 97-403 Xxxżxxxx
header_1 Declared Owned
Dirbama žemė100.00 ha30.00 ha
20232022
Revenue 179,211.00 € 114,573.00 €
Net profit - -
Equity ratio - -
Project description
Documents
Payment schedule
The farmer received the farm from his parents in January 2015. Since then he's been taking care of it alongside them and his wife.

He rears 1,800 heads of fattening Danish breed pigs on an annual cycle and 30 heads of mixed breed beef cattle. He produces the feed himself or buys it depending on the economic situation.
For the fodder, he sows 25ha of wheat, 25ha of triticale, 25ha of barley, and intercrops of 25ha.

Machinery the farmer uses on the farm: 
  • FENDT 716 tractor (2001)
  • NEW HOLLAND Td5.105 tractor( 2018)
  • POTTINGER 5-plow rotary plough
  • NEW HOLLAND press 
  • disc cultivator 
  • stubble breaker 
  • coulter seed drill
  • slurry tanker

The farmer takes care of the environment by applying sustainable practices on his farm like
mixing and application fertilisers within 12 hours, and intercrops sowing.

This is the second part of the financing from HeavyFinance. The loan will be used for grain storage and hall construction. The rest of the financing will be used for the purchase of pigs and beef cattle.

Both of the loans are secured by the same land with a total value of 88 996 EUR.

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.