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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.
PT0001321
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 30.00 ha | 10.31 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 41,607.73 € | 15,761.69 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
The farmer, Miguel Roma, has planted almond trees on 30 hectares of land, from which he owns 10,3 hectares. He has undertaken a project involving a total investment of 200.000 €, half of this amount was granted as non-refundable funding. The project has been underway for two years, and the first harvest is expected this year.
The time it takes to produce almonds can vary depending on several factors, such as the climate, soil quality, and growing techniques. However, almond trees generally take about three to five years to reach full production capacity, with the first harvest typically occurring in the third year. After that, almond trees can produce fruit for up to 25 years or more, with the yield increasing as the trees mature. It is expected, in this harvest, to have 30 tons of almonds.
The farmer also receives an annual subsidy of 25.000 € from the State for the specific crop. However, despite these favourable conditions, Miguel's cash flow has been affected by the significant upfront investment and ongoing expenses. As a result, he has requested a loan of 28.500 € to support his cash flow needs, and the loan is collateralized by land with an LTV of 46%.
Funds received from this loan would help him achieve his goals of a successful and profitable almond farm as planned in the project.
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.