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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.
PT0001009
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 7.00 ha | 7.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 51,967.00 € | 49,745.25 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
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The project owner opened her blueberry production in 2014 with 1.98 Ha of planted land. Last year, together with her husband, they planted 4 600 plants and grew the plantation to 3.2 Ha, which will produce an estimated 8 tons more of Blueberries.
The full production for 2023 is estimated to be between 40 and 50 tons of blueberries of the Duke, Bluecrop and Ozark Blue varieties.
In the past years the farm also added another 4 Ha of farmland where they grow almonds and olives. The production of the farm is mainly to export to Europe, you can find more about the production in the ebook under the document section.
The project owner is asking for a loan for working capital, to face the increase in production costs, to do improvements in the fields and prepare for the next harvest. To secure this loan, the farmer will pledge their 2.215 ha of farmland (that represents an LTV of 72%) with the additional guarantee from her husband.
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.