Agriculture loan

Agriculture loans are tailored to acquire capital for various purposes such as expansion, inventory purchase, equipment acquisition, hiring staff, or to manage day-to-day operational expenses. The terms and conditions of these loans vary depending borrower's creditworthiness, collateral, repayment tenure and other factors.

PL0003034

Goal
15,199 €
Raised
7,271 €
47%
Return rate
13%
Rating
A
Period
48
Time left
LTV
50%
Country
Lenkija
Loan purpose
Apyvartinio kapitalo padidinimui
Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxx Xxxxxxxxxx
Xxxx Xxxxxxxx 24, 09-500 Xxxxxxxx
header_1 Declared Owned
Farming land3.00 ha3.00 ha
20242023
Revenue 88,814.85 € 18,034.26 €
Net profit - -
Equity ratio - -

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interest

13%

preliminary_earnings

0.00 €

important:
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interest_rates:
investing_from 100 € - 13%
Project description
Documents
Payment schedule
The farmer has been running the farm since 2011, when he inherited 12 hectares from his parents. He is involved in organic production on the farm working independently on the farm. Last year, the crop structure consisted of 3 hectares of organic spring rye. Next year, he plans to convert the farm into a vegetable farm and sow 1 hectare of pumpkin, 0.5 hectares of beetroot, 0.5 hectares of ground cherry, 0.5 hectares of buckwheat, and 0.5 hectares of watermelon. He uses the following machinery on his farm: BOMET hoeing machine, 1996 UNIA plow, 1990 BOMET cultivator, 1998 AD-ROL eco-hoe, 2022 Over the next three years, the farmer plans to change the profile of the farm. It will continue to be organic, but the plan is to develop vegetable production. In addition, the farmer provides specialist agricultural advisory services. This activity requires investment in specialist diagnostic equipment and regular training. The loan will be used to r purchase plant protection products and fertilizers.
Active loans balance: Collateralized - € 14974 Uncollateralized - € 0
Active loans total: € 14974

Project risks

For this project, there is a risk of losing all the profits made and the funds invested.

In this case, if the Project Owner fails to fulfill its obligations, the Platform Operator will take all necessary measures to protect the interests of investors and use the provided collateral, but the Platform Operator does not guarantee the full fulfillment of the Project Owner's obligations.

Financial agreements are not subject to the insurance protection established by the Law on Insurance of Deposits and Liabilities to Investors of the Republic of Lithuania.

Additional information:

If the project owner does not collect the amounts to be financed, the collected funds will be returned to the funders by transferring them to the account from which they were transferred. The Platform Operator also has the right to offer the Project Owner to reduce the amount to be financed during the Project financing term or to extend the Project financing term. In this case, if the amount to be financed is reduced or the term of financing the Project is extended, it shall in all cases be announced on the Platform and the Fund's financiers shall be informed.