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.

PL0001875

Goal
11,000 €
Raised
11,000 €
100%
Return rate
13.5%
Rating
B+
Period
24
Time left
LTV
55%
Country
Poland
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
Michał Wróblewski, Gospodarstwo Rolne Michał Wróblewski Ewinów 25, 62-731 Przykona
header_1 Declared Owned
Farming land 62.00 ha 36.00 ha
20222021
Revenue 73,064.00 € 65,598.00 €
Net profit - -
Equity ratio - -
Total value of pledged assets

20,054.00 €

Agricultural land Agricultural land of a land and mortgage register no. SR2L/00035308/8 1.76 ha 20,054.00 € Based on the average prices presented by Central Statistical Office and the Agency for Restructuring and Modernization of Agriculture
Personal liability Personal liability of the project owner 0.00 € -
Read more about security measures here.
Loan number Project goal Outstanding principal Paid interest Status
PL0001875 11,000.00 € 10,780.00 € 490.76 € Active
PL0001385 17,197.00 € 15,083.41 € 1,893.78 € Active
PL0001536 16,412.00 € 14,272.44 € 1,871.45 € Active
Project description
Documents
Payment schedule
The farmer took over the farm from his parents in 2001. The farm was 28ha at the time, and the farmer has since expanded it to 62ha of which he owns 36ha.
The farmer grows crops and raises animals. He owns 10ha of rye, 10ha of triticale, 15ha of corn, 5ha of oats and 22ha of grassland. His herd consists of 25 dairy cows, 15 beef cattle, 12 heifers and 15 calves.

On the farm, he uses machinery such as:
  • PRONAR tractor with front loader 2003
  • ZETOR combine harvester 2005
  • WARFAMA Spreader 2009
  • UNIA Cultivating and seeding unit 2008
  • ZETOR rotary plough 2009
  • METALFACH feeder wagon 2016
  • METALFACH trailer 2016
In the next 5 years, the farmer wants to focus on increasing milk and beef cattle production.
As for now, the project owner needs funds for fuel and seeds. 

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.