Working capital to renew the warehouse and optimize production. The loan will be secured by a pledge of heavy equipment and 1,5 ha of agricultural land.
A farmer started to work on his parents’ dairy farm when he was 15 years old and later inherited the family farm from his father. The dairy production on the farmland has been active for over 40 years and today produces milk from 70 cows. The farmland has 2.2 ha of pastures and 0,08 hectares of land is dedicated for a warehouse.
In 2009, the farmer founded a company, which continues dairy production. The company maintains a long-standing and ongoing purchase agreement for its production with “AGROS” - one of the major milk and dairy brands in Portugal.
While looking at financial data, you can see that the company experienced the loss - the negative result comes from the accumulated loss of the 2016 year, but the farmer is improving his business ever since and reducing the negative results even during the global pandemic. Now it is expected that in 2022 the company’s net profit will be positive. Therefore the company is now willing to receive the funding to improve productivity and accelerate growth.