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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.
PT0000831
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 1.32 ha | 0.64 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 743,010.58 € | 1,699,685.53 € |
| Net profit | 422,901.49 € | 344,623.93 € |
| Equity ratio | 43.18% | - |
Documents
Payment schedule
The project owner is a scientist in life sciences for 25 years and she developed a plant-based health promotion during her clinical neuropsychology work for her oncological patients. She also owns a farm in Portugal which is a family legacy where she is developing a vegan nature tourism business oriented toward a more sustainable lifestyle.
In 2017 she established BeVegan, a vegan lifestyle platform and a vegan food eShop - https://www.veganbio.pt
Given her extensive experience in AgroTech and her supplier and buyer network, she decided to start producing vegan products herself. For that, she submitted a European funding project to produce vegan food, from the farm to the final processed product. This project was approved in 2022, and covers 70% of a total investment of 14,5M euros.
She engaged in a partnership with the “Monção” municipality in the north of Portugal to buy a land parcel at a discount to build the processing plant. So, after setting up the first farm to produce the raw products for processing on her family farmland, is now time to finish the purchase of the land with this loan and start building the processing plant.
To initiate this project and receive the first funds, the project owner needs 210 000 euros, 80 000 of which to purchase land and the remaining to start the constructions. For this loan, the project owner will pledge the plot that will be bought with the loan evaluated in 181 000 euros, and the family farms, both evaluated in 26 000 euros and 32 000 euros.
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.