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£2500 loan.

2

Comments

  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    What happens if the crop fails?
  • DCFC79
    DCFC79 Posts: 40,641 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    jonesMUFCforever wrote: »
    What happens if the crop fails?

    Which it could do, its hard to predict the weather, even harder due to climate change.
  • entrepreneur1
    entrepreneur1 Posts: 12 Forumite
    DCFC79 wrote: »
    Which it could do, its hard to predict the weather, even harder due to climate change.

    I have a comprehensıve ınsurance cover ın place to cover any unforeseen rısk.
  • fwor
    fwor Posts: 6,887 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    entrepreneur1 wrote: »
    I have a comprehensıve ınsurance cover ın place to cover any unforeseen rısk.

    Wow - that's impressive. How much does that cost?

    Are you still based outside the UK?
  • BrassicWoman
    BrassicWoman Posts: 3,218 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Mortgage-free Glee!
    NFU mutual
    2021 GC £1365.71/ £2400
  • dealer_wins
    dealer_wins Posts: 7,334 Forumite
    entrepreneur1 wrote: »
    Yes. I am a farmer engaged ın contract farmıng. Thıs ıs a kınd of farmıng where farmers enter ınto agreements / contract wıth buyers before the harvest. Buyers commıt to purchase farm products when the harvest ıs due. The plantıng season ıs due and the contract ıs ın place. I wanted the loan to purchase more seeds. Thıs wıll ıncrease the harvest and help meet the ever ıncreasıng and unsatısfıed demand for these farm products. It ıs therefore a vıable ınvestment wıth good returns.

    More importantly why do your i's not have the dot on them?
  • entrepreneur1
    entrepreneur1 Posts: 12 Forumite
    fwor wrote: »
    Wow - that's impressive. How much does that cost?

    Are you still based outside the UK?

    Yes. I am based in overseas.
    The insurance cover is for the entire project not just for the seeds.
  • fwor
    fwor Posts: 6,887 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    entrepreneur1 wrote: »
    Yes. I am based in overseas.

    Ah, OK, so you're looking for a UK based lender to send money to someone based "in overseas"?
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Well this turned out to be a waste of time didn't it?
  • Ben8282
    Ben8282 Posts: 4,821 Forumite
    1,000 Posts Combo Breaker Newshound!
    I am curious as to exactly what crop you intend to grow and in which country you intend to grow it.
    I doubt that you actually want a loan with a 3 month term repayable in 3 equal monthly instalments over the next 3 months as it will surely take you longer than 3 months from today to grow, harvest and sell the crop.
    If you are not a UK resident you will not normally be able to get a loan in the UK.
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