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.

PT0001039

Goal
35,000 €
Raised
35,000 €
100%
Return rate
From 11.6%
Rating
B
Period
36
Time left
LTV
70%
Country
Portugal
Loan purpose
Equipment purchase
Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxxxxxx Xxxxxxxxxx XXX., Xxxxx Xxxçxxxxx
Xxx Xxxx xxx Xxxxxxxxx, x.x 125Xxxxxxxx: Xxxxx Xxxxxxxx: Xxxx Xxxx xx Xxxx Xxxxxxxxx: Xxxxxxxx
header_1 Declared Owned
Farming land0.00 ha0.00 ha
2021
Revenue 83,448.27 €
Net profit 6,319.38 €
Equity ratio 5.71%
Project description
Documents
Payment schedule

To help a farmer collect funds faster, we offer you to earn even more. When investing, use the promo code PT1039 and get 2.00% cashback.


The project owner has worked for 20 years in her family’s business, producing and supplying seeds for agriculture production.

After spending the last 5 years managing the family business, the project owner acquired a large network and a deep understanding of the industry, so she decided to open her own company in 2020 producing and supplying seeds. This effort allowed her to implement new and optimized processes and become more competitive when tapping into her network of clients and suppliers.

The company started with a variety of cabbages and turnips, parsley, coriander, and different kinds of beans. These Leafy greens and legumes have high consumption in Portugal, being part of the Portuguese food habit base, and are heavily produced, all year long in large greenhouse complexes, north of Porto where the project owner is based.

The company employs 3 people and has specialised equipment to clean the seeds and maintain the right humidity and temperature to ensure the best germination and viability.
At the moment, the company sells the seeds to small Agricultural shops, intermediaries, and farming cooperatives.

To face the increasing demand for her product, the project owner needs to invest in packaging and the packaging process. The businesswoman is asking for a loan of 35 000 € to buy a new stock of packages for her product and a new dispenser equipment to optimize the packaging process.
She is offering a second-lien pledge on her personal house, evaluated at 284 000 € (the primary pledge of her home loan amounts to 98 399,13 € to this day.)


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.