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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.
PT0001563
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 50.00 ha | 50.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 212,099.14 € | 229,994.19 € |
| Net profit | 479.62 € | 3,777.52 € |
| Equity ratio | 39.34% | - |
Documents
Payment schedule
Established in 2012 with 5 Ha of farmland in Vale Mondego, the company gained expertise in growing ecological production. Having needed certificates and using sustainable practices, the farm sells its' production for a higher price and also gets more subsidies from the government. You can learn more about the farm in a special video from our visit below.
Over the years, the farm expanded and now has 50 ha of arable land while hiring 6 full-time employees and more workers to face the needs of peak seasons. As an organization committed to continuous improvement, Foz dos Aromas, Lda has consistently invested in equipment and production processes to ensure the highest standards of quality and sustainability.
The farm specializes in the production of aromatic and medicinal herbs such as mint, lemon balm, marjoram, savory, thyme, French tarragon, and lemongrass. Foz dos Aromas, Lda has positioned itself as a specialist in this niche market. With a primary customer, "L'Herbier du Diois," a French distributor, the company has established a strong market presence.
With this loan, Foz dos Aromas, Lda intends to expand its herb production and increase its productive area by approximately 5 hectares. This expansion will enable the company to meet the growing demand for its products and further solidify its position in the market. With this strategic investment, the company aims to continue its growth trajectory and strengthen its position as a reputable and innovative organic farm.
This is the first of the 2 projects to finance. The farmer pledges the 1.96 ha of agricultural land worth 137 081 € for both two loans. Value of the assets to be pledged by the Project Owner for this project is 80 375 €. According to the asset valuation report, the pledged asset has a valuation of 7 € per sq.m., higher than other land plot due to the fact that the pledged asset has confrontations with a road and given its size, the land plot has constructive capacity.
The company has fully repaid two loans with HeavyFinance with a total amount of 58 750 €, and currently has three active loans with an active balance of 127 652 €. The HeavyFinance investor community has already earned 19 644 € of interest in total.
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.