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.

PL0001799

Goal
79,500 €
Raised
79,500 €
100%
Return rate
From 13.7%
Rating
B
Period
44
Time left
LTV
49%
Country
Poland
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
Xxxxxxx Xxxxęxxx
Xxxxx Łxxxxx 13, 16-320 Xxxxłóx Xxśxxxxxx
header_1 Declared Owned
Dirbama žemė65.00 ha30.00 ha
20232022
Revenue 192,986.00 € 174,036.00 €
Net profit - -
Equity ratio - -
Project description
Documents
Payment schedule


The farm was transferred from the farmer's father in 2021 in March with 10 hectares, and 4 months later another 20 hectares from his uncle was added.

Mr Michael is involved in Holstein Friesian (HF) dairy cattle breeding, he currently has 60 head with an annual yield of 480,000L - 540,000L. The milk is supplied to the Mlekpol Grajewo dairy.
The farm also has 20 calves, which are used to supplement the herd. The bulls are sold, to local farmers.

The entrepreneur, roughage is prepared from his own material, as he has 20ha of maize, 20ha of alfalfa and 25ha of grass for haylage. For the preparation of concentrated feed, he buys soya, rape and pellets.
He is assisted in looking after the farm by his brother and uncle.

Machinery used on the farm:
tractors:
  • John Deere 6L155 tractor (2022)
  • John Deere M6125 (2014)
  • Weidemann 2070 (2017)
  • Ursus 5714 (2008)
other machines:
  • Union kuhn vario plough 4 furrows rotary
  • Sprayer 400L
  • Eurmilk 14T spreader
  • Cynkomet spreader
  • Mascara 770 baler
  • Krone XC baler-chopper
  • Vela 320 mower

Straw returns in the form of manure in the field, this year the farmer is starting to sow intercrops and welfare eco-scheme. He also has a 44kw photovoltaic installation.
In the near future, there will be the construction of two silos (farm modernisation) as well as the purchase of a Weidemann telescopic loader.

The financing will be spread in two parts, the first will go towards refinancing a loan at another institution.
Further financing will be used to purchase 1 ha of land, EUR 13,726, and to buy 20 cows, one costing EUR 2,470, for a total of EUR 49,400. The rest of the financing will be used to build silos, increase the septic tank and slurry tank for the cows and to purchase the loader (these investments are included in the application to modernise the farm from the EU).

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.