Description

This project invites you to invest in improving the efficiency of the crop farm. The entrepreneur is currently developing a crop farm in Ignalina district. He grows spring and winter wheat. The entrepreneur currently uses two tractors, but wants to increase the efficiency of his farm by borrowing EUR 13 000. The money will be used to buy a milling machine and other implements.

There is one active loan on the HF platform, which is paid on time. This loan will also cover the existing loan.

Area of land to be declared: 37,58 ha, of which 4 ha belong to the farmer.

Business information

Declared land, ha 37.58

Owned land, ha 4.00

Revenue 2022 €13 538

Revenue 2021 €13 483

Net profit 2022 €7 897

Net profit 2021 €6 418

Equity ratio 2022 71%

Security measures

• Personal liability of the project owner

Main Terms

The interest will be paid monthly

The interest is calculated from 16 working days after full loan financing

Minimum loan term: 4 months