What you need to know
WHAT IS AGROINVESTING?
AgroInvesting is a collaborative financing and investment platform specialized in agriculture where it links agricultural producers seeking financing to obtain high technology and capital and increase their productivity, with investors interested in directly lending their capital to obtain greater profitability. In short, people who trust people to obtain mutual benefit, where purpose intersects with performance and without banks.
HOW DOES AGROINVESTING WORK?
Agroinvesting works like this
You, whether you are a natural person or a legal person, request financing for one of our 4 categories.
AgroInvesting in a specialized way analyzes your financing request focused on the economic part, the ability to manage your risks and the guarantees available.
If the application is solid, it is admitted to the platform to be funded by you or other creditors that are part of the platform.
Once the financing is accepted by the investor, the contract, the promissory note and the security or mortgage guarantees are signed in the name of the investor.
Your investor generates the disbursement or cashier's check in favor of you and AgroInvesting will take care of the correct administration of the securities and the collection of your payments until the total payment of your loan.
AgroInvesting will take care of releasing your collateral once you have paid off your loan.
WHAT SERVICES DOES AGROINVESTING OFFER?
AgroInvesting was born to eradicate the financial exclusion of agriculture in all of Latin America and our service is aligned and evaluating agricultural financing requests in a simple and flexible way, we focus on your productivity and your ability to manage your risks, performing security controls to determine the identity of the agricultural producers that make up the platform, protecting all parties from possible fraud or identity theft.
WHO CAN APPLY FOR A LOAN THROUGH AGROINVESTING?
On the one hand, agricultural producers such as individuals over 23 years of age and under 70 years of age with 2 years of proven experience, who have an active bank account in their name, and on the other hand, duly constituted legal companies whose start of activities is greater than 5 years; whose residence and tax domicile is legally verified in Peru
WHAT IS THE INTEREST RATE?
The interest rate is defined according to your credit profile, financial solvency, the type of financing and the type of guarantee. These conditions will suggest a rate that we consider attractive enough for investors to be willing to finance your application within the period that you stipulate convenient.
CAN I APPLY FOR A NEW FINANCING IF I ALREADY HAVE A CURRENT ONE?
Unfortunately not. We seek to establish new standards of trust and responsibility for the agricultural sector, for which we are committed to guiding them to satisfactorily fulfill their obligation acquired before acquiring a new debt and have the capacity to generate liquidity for any type of contingency. Once your credit is final, you can request a new credit.
WHAT SHOULD I DO TO APPLY FOR A FINANCING IN AGROINVESTING?
If a client is late in the payment of installments, default interest will be charged for the arrears that have been previously agreed in the financing contract, in order to compensate you as your creditor. The client will be managed by our Collections area, to obtain payment of the amount owed, and its non-compliance will be reported to the credit bureaus. If it is not achieved within a reasonable time, legal, extrajudicial or judicial actions will be taken to obtain the execution of the security or mortgage and after liquidating the asset, the return of the invested capital will be generated.
Fill out the application through the AgroInvesting WEB platform, for online or on-site evaluation.
If it is admitted, we will upload your project to the platform.
You wait for financing by funding one of the Creditors subscribed to the platform.
You sign the movable or real estate guarantee contract, according to your project.
The money is disbursed, through a disbursement or management check.
And that's it, now your application is being funded and you can achieve your goals. Of course, you must not forget to make payments according to the schedule that you have agreed to pay.
HOW LONG DOES THE INVESTMENT PROCESS OF MY APPLICATION TAKE?
The maximum term is 30 days, if after that term your request with the required terms was not accepted by the investors, the request will automatically be rejected.
WHAT ARE THE TYPES OF FINANCING PAYMENT PERIOD?
Financing is available in monthly, bimonthly, quarterly and semi-annual terms. The maximum financing term will depend on your own income stream; that is, with the aim of being an efficient solution for your business.
CAN I CANCEL MY LOAN EARLY IF I WANT TO?
AgroInvesting was born to be a solution, therefore, it does not have penalties for early cancellations. You simply have to inform it at least 7 days in advance, by sending us an email to email@example.com or to firstname.lastname@example.org
IS THE INFORMATION THAT I INCOME KNOWN BY THE CREDITOR?
Yes, the information provided is treated strictly by the creditor and by AgroInvesting, being used exclusively for the evaluation of your financing request, complying with the principle of transparency between both parties.
CAN I CHOOSE THE DUE DATE OF MY LOAN?
Of course, through AgroInvesting you will be able to adapt the expiration dates according to your payment capacity. In this way, you will responsibly meet your obligations, building an optimal credit profile for your next loans.
DOES AGROINVESTING APPROVE THE LOANS?
No, AgroInvesting is limited to carrying out security checks on the natural and legal identity of each of the credit applicants and structuring an attractive offer, to be published on the platform and to inform potential Creditors interested in financing your application.
The risk for the loan operation is strictly those of those creditors who fund the financing request and the obligation to pay belongs to the person requesting the loan. AgroInvesting manages the responsibilities contracted between the parties at their request, not influencing the decisions to grant financing and obtain credit from such parties.
DOES AGROINVESTING PERFORM ANY KIND OF CLASSIFICATION FOR CREDIT APPLICANTS?
Yes, AgroInvesting performs a segmentation of the profiles, through the available credit information of the applicants. This information is gathered from the market, to provide tools to Creditors who evaluate lending their money.
For no reason AgroInvesting guarantees the repayment of credits, nor is the credit information provided a guarantee of repayment of the amounts loaned. The analysis and conclusion of the loan is the Creditor's own and is an inescapable process of the latter, with AgroInvesting not influencing the decision to grant the loan.
WHY DO YOU MAKE THIS TYPE OF SEGMENTATIONS?
It is a classification tool used by professionals for granting credit. It is a more efficient model to grant final financing conditions in favor of the Applicant, based on the capacity to generate liquidity, experience, equity, guarantees and other indicators.
ARE THERE HIDDEN COSTS?
AgroInvesting has no hidden costs. Loans through AgroInvesting are completely transparent for both parties. Everyone knows what they are committing to based on a credit structure stipulated from the beginning on the summary sheet and the loan agreement.
WHAT HAPPENS IF I DON'T PAY A LOAN IN AGROINVESTING?
Defaults have different types of consequences: Financial, Credit and Legal. The financial ones consist of the collection of charges by AgroInvesting as well as by the Creditors. AgroInvesting charges originate from the costs incurred in attempting to collect the fee. Creditors' charges are default interest from the day of default until the actual effectiveness of the payment. On the other hand, the credit consequences cover the information of the defaults to the market credit centers, which will negatively impact your credit profile to request future credits through AgroInvesting or in the financial system in general. Finally, the legal consequences are derived from collection actions executing the guarantees registered at the beginning of the contract, which will include all the expenses incurred for said recovery.
WHY IS THE TIMELY PAYMENT OF FEES SO IMPORTANT?
Returning trust through responsibility in your payments dramatically determines your future credit conditions. Those who finance your loan are not banks, they are people like you who also have specific goals for your money. Being punctual will help build a better future both for you and for those who trusted you.
CAN I CHANGE THE AMOUNT I HAVE TO PAY ONCE I HAVE APPLIED FOR THE CREDIT?
Unfortunately not. The assigned credit is the product of a financial agreement with values established by you and the Creditor, so you must honor that commitment.
IS IT NECESSARY TO COMPLETE THE ENTIRE APPLICATION TO KNOW WHETHER THE CREDIT WILL BE GIVEN OR NOT?
Filling out the information request is simple, both as a natural person or a legal person, you only have to enter business information that you know more than anyone else, if you require it at all times an online executive will be able to assist you for your convenience.
Yes, our coverage is nationwide.
IF MY APPLICATION IS FUNDED BEFORE THE DEADLINE, CAN I GET THE REQUESTED AMOUNT BEFORE?
Yes. Once your application has the approval of a Creditor. In the next few hours, the procedures for the credit and the signing of the contract to transfer the financed amount will be generated.
WHAT IS THE MINIMUM AND MAXIMUM TERM TO PAY MY LOAN?
The financing term will be 12 to 36 months.
WHY CAN AGROINVESTING PROVIDE BETTER FINANCING THAN TRADITIONAL BANKING?
Financial institutions have complicated and expensive policies and processes. Its large banking structures and the level of profitability required, increase the nominal annual rate of a loan at values too high to reach the agricultural social segment. At AgroInvesting we believe that when people intelligently group together with common interests, they act responsibly towards others. AgroInvesting adopts this concept of responsibility and applies it to operations between both parties, obtaining better conditions for all.
WHY IS FINANCING IN AGROINVESTING NOT BUREAUCRATIC?
AgroInvesting was born to be a solution to the agricultural sector, we understand its reality and its specific needs in the field. By this knowledge, we know that the success of its growth is above any obsolete policy and bureaucratic procedure that the bank currently requires.
WHAT DOES AGROINVESTING'S CREDIT ANALYSIS CONSIST OF?
In order to carry out an effective qualification, AgroInvesting collates different kinds of information, required of all loan applicants. It includes personal data, income from the productive business, type of activity, among others. Likewise, the immediate in-situ study of an admission analyst is generated. In this way AgroInvesting can effectively cross a credit profile that provides economic information to the ability to manage its risks to potential creditors for the process of lending their money.
WHAT ARE THE COSTS OF APPLYING FOR A CREDIT IN AGROINVESTING?
The components of the credit are: the interest for the requested money, the AgroInvesting admission commission, the applicant's insurance (relief), being the case that it is a natural person who guarantees the repayment of the credit in extreme situations and machinery insurance if the financing is from agricultural technology.
ARE THE FEES THE SAME EVERY MONTH?
The quota amounts are almost the same. There are small differences due to the fact that all months do not have the same number of days and even so, the payments can coincide on holidays, which would alter the duration of the monthly periods financed. In any case, they are not significant differences and they do not modify the total cost of financing.
WHY IF THIS IS A PLATFORM, DOES AGROINVESTING WELCOME THE RIGHT OF ADMISSION?
AgroInvesting does not accept the right of admission. Regarding the participation in the loan application, as well as in the lending process. AgroInvesting applies financial commitment criteria that protect participants in the aforementioned transactions.
YOU MENTION "FINANCIAL COMMITMENT CRITERIA" WHAT IS THAT?
AgroInvesting promotes basic principles supported by common sense for the efficient management of finances. These include, but are not limited to, the cancellation in time and form of the obligations contracted for financial or credit services, contracting obligations according to the reasonableness of the income received, avoiding over-indebtedness and the disparity of the same with multiple organizations.