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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.
BG0000625
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 14.60 ha | 13.60 ha |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
The owner of the project has been farming since 2005. The farmer currently cultivates 6,8 ha of alfalfa, 1,3 ha of walnuts, 3 ha of vegetables and 3,4 ha are dedicated to pastures. He also keeps 79 dairy cows and has a milk purchase agreement with one of the largest cheese and cottage cheese producers in the area.
Over the past years the project owner has been consistently investing into the mechanization of his farm and now the technical fleet consists of a tractor, a mower, a baler, a truck, a refrigerated van and other smaller implements.
Now the farmer is borrowing 29 890 € in order to complete the construction of a new greenhouse. This will help the project owner to produce and sell tomatoes later in the season. The loan will be secured by a pledge on a tractor, a car and land with a building of 1370 sq. m.
Area of declared land: 14,6 ha of which 13,6 ha owned.
Annual interest - 18%
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.