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.

PL0001732

Goal
10,000 €
Raised
10,000 €
100%
Return rate
14%
Rating
B
Period
18
Time left
LTV
-
Country
Poland
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxxx Xxxxx
Xxxęxxxxx 62 ,63-140 Xxxxx
header_1 Declared Owned
Farming land28.00 ha11.50 ha
20232022
Revenue 131,296.00 € 122,045.00 €
Net profit - -
Equity ratio - -
Project description
Documents
Payment schedule

The project owner inherited the farm in 2021. He works on the farm with his father. He is mainly involved in breeding cows and beef cattle. Currently, he has 45 high-milking cows (Holstein-Friesian), 60 beef cows, and 15 calves under evaluation. The herd has increased by 20 beef cattle and five dairy cows.

The businessman has a long-term contract with a wholesaler to purchase their products.

The farmer has gradually expanded the farm and currently farms 28 ha, of which he owns 11.5 ha. Farm crop production is for cattle and cows, and some fodder is produced. Crop structure: sugar beet 3ha, maize for silage 20ha, barley 4ha, the rest of the land is grassland.

Machinery used on the farm:
  • John Deere 6100M (2021),
  • New Holland T6.125s (2018),
  • Palazoglu shell trailer (2022),
  • Agromasz N300 combination drill (2021),
  • Agromasz 4-furrow rotary plough
This will be the client's 3rd loan, none of which he has had a single late payment. The second loan was used to finance the purchase of 15 dairy cows, as can be seen by the increase in income. This financing will be used for working capital and is additionally secured by the borrower's father's personal surety. 

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.