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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.

PT0001133

Goal

10,000 €

Raised

10,000 €

Return rate

14.5%

Rating

Period

Time left

LTV

89%

Country

Portugal

Loan purpose

Equipment purchase

Business information

Security measures

Loan history

Project owner	Address
Xxxxxxx Xxxxxxxx	Xxxxxxx Xxxóxxx Xxxé Xxxxx xº31 4xxº 2805-087 Xxxxxx

header_1	Declared	Owned
Dirbama žemė	0.50 ha	0.50 ha

	2021	2020
Revenue	29,460.42 €	30,431.17 €
Net profit	-	-
Equity ratio	-	-

Project description

Documents

Payment schedule

Vicente Ferreira produces quality wine in a vineyard that has been passed down in his family for several generations and has been producing the same wine grapes and wine through traditional methods for over 50 years.

The vineyard is located in Santarém, and part of the “Ribatejo DOC” region. In its 0,5 ha, they produce mostly the wine grapes “Fernão Pires” and “Arinto”, two highly popular and appreciated types in the center of Portugal.

The plans for the future is to optimize the wine production in order to cut cost while keeping the current high quality. During the next year, the businessman also plans to acquire another vineyard in the region, where he will plant another different wine grape also for quality wines.

With these plans in mind and to follow the goal of optimising the land works of the vineyard, the farmer is looking to buy a small tractor, which will allow him to save time and cost with the workforce. To secure the funding, he offers the land as a collateral.

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.