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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.

PT0001094

Goal

31,500 €

Raised

31,500 €

Return rate

From 12.5%

Rating

C+

Period

Time left

LTV

70%

Country

Portugal

Loan purpose

Equipment purchase

Business information

Security measures

Loan history

Project owner	Address
XXXX XXÃX - XXXXXXXXX XXXÍXXXX XXXXXXXXXX, XXX, Xxxxx Xxãx	X XXX XXXXXXXXXX 137XÁXXXX3880-513 XXXXXX Xxxxxxxx

header_1	Declared	Owned
Farming land	40.00 ha	10.00 ha

	2021	2020
Revenue	225,761.49 €	51,416.75 €
Net profit	-10,165.99 €	4,970.67 €
Equity ratio	7.34%	-

Project description

Documents

Payment schedule

The farmer started his business in 2014 when he bought 10 Ha of land from his family, located in the North/Center of the coast of Portugal in Ovar.

Now he has 163 heads of cattle of which 90 are dairy cows. The herd is tended by him and his family, as well as a total of 40 Ha of land where they grow corn silage and winter grass.

In 2021, the farmer generated over 220K of income thanks to the increased in production.

His plan is to buy 30 new cows every year and use these cows also for artificial insemination to further increase the herd.

For this reason, the project owner is asking for 31 500 euros to expand his cattle herd. To secure the loan, the businessman is pledging his tractor, worth 45 000 euros, which represents a 70% LTV.

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.