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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.
PT0001287
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 0.06 ha | 0.06 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 530,879.78 € | 409,819.12 € |
| Net profit | 30,627.61 € | 4,647.73 € |
| Equity ratio | 20.52% | - |
Documents
Payment schedule
Fundo Charmoso, SA, is an agricultural services provider specialising in land removal, land preparation, harvesting, and other related activities.
The company operates from a 600-square-meter warehouse, providing adequate storage and operations space. With the coming farming season, the company is well-positioned to take advantage of the rising demand for specialised agricultural services.
To handle the projected workload, the firm aims to rent additional machinery and trucks, acquire additional inputs, and hire more staff.
Therefore, the company needs a working capital of €54,500 which will help in acquiring critical supplies and equipment preparation for the upcoming agricultural season. Additionally, the money will be used to modernise current gear and equipment so that it is in good operating order. This will help reduce downtime, increase productivity, and eventually lead to more sales and profitability.
Fundo Charmoso, SA, hopes to create a 15% increase in income over the previous year with the financial help given by the loan. The financing will enable the firm to expand its operations and meet the region's rising need for specialised agricultural services.
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.