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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.
PT0001208
| Project owner | Address |
|---|---|
| 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% | - |
Documents
Payment schedule
The project owner started his business in 2014 when he bought 10 hectares of land from his family in the north-central coastal area of Portugal, in the city of Ovaro, and now manages a total area of 40 hectares. The farmer keeps 163 cattle, 90 of which are dairy cows, the herd is managed by him and his family, while part of the land is allocated for maize and winter grass for silage.
In 2021, the farm generated over 220K of income thanks to the increase 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 businessman is asking for 24 000 € to further expand the cattle herd. To secure the loan, the project owner pledges his tractor worth EUR 42 150, representing 57 % of the LTV.
This is the farmer's second loan, having previously borrowed €31 500 under loan PT0001094 which has recently paid to the farmer and the first instalment has not yet arrived.
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.