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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.

PT0001077

Goal

12,600 €

Raised

12,600 €

Return rate

28.26%

Rating

Period

Time left

LTV

40%

Country

Portugal

Loan purpose

Farm buildings purchase/construction

Business information

Security measures

Loan history

Project owner	Address
Xxxxxxxxx Xxxxxxxxxxx	Xxx Xxxx, 7220-411 Xxxxxx, Xxxxxxxx

header_1	Declared	Owned
Farming land	250.00 ha	20.00 ha

	2021	2020
Revenue	100,485.74 €	110,308.33 €
Net profit	-	-
Equity ratio	-	-

Project description

Documents

Payment schedule

The borrower started his business in 2008 and has now 250 heads of cattle that roam freely in a 250-hectare property. 20 hectares of this land was inherited from his parents and the remaining is rented.

The herd and the land are tended by him and his family, and one more full time worker (a literal cowboy).

His plan for the next years is to grow the herd and prepare a larger portion of his land for the cattle, expanding the pasture and adding more drinking points.

He is now asking for this loan to fix a water source and expand the water dam to so that the animas have better access to water.

To secure this loan, the farmer, whose financials provided a “A” risk rating, is offering his tractor as collateral, that represents an LTV of 40% for the 12 600 euros capital, that will be paid within 24 months.

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.