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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.
PT0000900
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 7.00 ha | 7.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 58,624.87 € | 51,789.96 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
Mrs. Vera 4 years ago decided to start her activity in agriculture, taking advantage of a 7ha property in the Azores, more specifically on Ilha Terceira.
Over the years, they have been producing various crops, with greater production in sweet potatoes, leeks, and vegetables. On the same property, Mrs. Vera and her partner developed a greenhouse, occupying an area of 1ha of the property for the production of strawberries. This production has been growing, and at the moment they are looking to increase the greenhouse, and in this way increase production and profitability.
The production of strawberries is carried out in hanging bags, this type of production allows for a reduction of between 30 and 40% of the necessary labor, compared to the traditional method. In addition to this factor, this process reduces chemical products by 80%, resulting in a higher quality product.
The production of strawberries is sold to the final consumer, and the production of sweet potatoes, leeks, and vegetables is sold to retailers.
At the moment the property has two people working full time, however, at harvest time they resort to subcontracting one more person, if necessary.
Now, the project owner is seeking to borrow a loan to increase the farm's working capital.
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.