PT0000783
Finished: fully repaid!
General Information
LENDING
AGRICULTURAL LOAN
HEAVY FINANCE
BBB
Monthly
Financial Information
€11,000.00
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€0.00
€5.00
12.50 %
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Important Dates
731
2022-06-26
2024-06-26
Description
Summary
The project owner's farmland has been passed down and explored by his family for the past 48 years and is now worked by the project owner and his brother.
The farm is located in Mirandela, in the dry mountains of the north interior of Portugal, and amounts to 54h where they produce Olive oil and almonds, and also grow 23 heads of goats and sheep.
The brothers and their families are the main workforce of the farm, but they also hire extra workers as needed for specific work seasons.
At the moment they need to invest in new implements to optimize the farm production so they decided to take the loan with HeavyFinance.
They plan on repaying the loan in under 2 years with the yearly subsidies they receive for the farm.