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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.
PT0000685
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 15.00 ha | 13.00 ha |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Sole accountability
This loan is secured by sole accountability from the project owner. Read more about this security measure here.
About the project
The client explores an area, located in Macedo de Cavaleiros, totalling 15 ha, of which 13 ha are owned by the client. The farm grows almonds and olives.
At the moment, the farm develops a project for olive tree planting. 75% funding from the EU is granted for the project with €90.000 still to be transferred to the farmer.
The production objective is to harvest 10 tons of olives and 15 tons of almonds per year. The property is licensed and plans to receive €8,700 in subsidies this year.
The main client of the farm is the Cooperativa Agricola de Macedo de Cavaleiros, to whom the client will sell its production.
The farmer declares 15 hectares of arable land located in Macedo de Cavaleiros, 13 hectares of which is owned by the farmer.
Annual interest - 16%
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.