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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.
PT0001111
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 15.00 ha | 15.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 17,192.04 € | 14,141.45 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
The project owner took over the family business in 2013 as a herder of the Portuguese-native and free-roaming, “Barrosã” cattle breed.
Today, she owns 15 ha of land where 10 adult cattle and 2 calves roam free.
The farmer specializes in breeding and growing Barrosã cattle. This is a native and certified Portuguese breed, that boasts distinctive long, broad, “S” shaped horns and covered in a full brown-honey fur. This is a protected breed with a “DOC” status from the EU, that roams free in the mountains in the North of Portugal and can be used both for work and as for meat.
Because of its natural feeding (the mountain grasses) and free-movement lifestyle, it’s a type of meat with a “healthy connotation” and much demand in Portugal.
The farmer is now borrowing 7 000 € from the HeavyFinance investor community in order to buy feed for the animals and make some improvements to the property. To secure this loan, the farmer is pledging his tractor.
This is not this farmer's first loan on HeavyFinance, she borrowed 8 500 € in December 2021 (loan PT000472) to increase her cattle head, and she has been meeting her obligations always on time.
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.