Project | Brickfy

PT0000783

Platform: HEAVY FINANCE
Type: LENDING

Open for investment

Loan not yet issued.
Crowdlending Project
(Campaign open!)
Amount Available:
€341.32

General Information


LENDING

AGRICULTURAL LOAN

HEAVY FINANCE

BBB

Monthly


Financial Information


€11,000.00

--

€341.32

€5.00

12.50 %

--

--

--


Important Dates

731

2022-06-17

2024-06-17

1 y. 23 m. 718 d.


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.