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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.
BG0001305
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 47.96 ha | 0.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 109,416.46 € | 93,566.41 € |
| Net profit | 5,112.92 € | 3,067.00 € |
| Equity ratio | 15.23% | - |
Documents
Payment schedule
Miki Agro 21 Ltd. was recently founded by an ambitious vet which strong support from her husband and mother.
Currently, the focus of the family-run company has been put on crop production. In the total area of 47,96 hectares, the farm cultivates cereals such as wheat, triticale as well as manages pasture. For the next season, it is planned to expand the business by engaging in animal husbandry activities. The company plans to breed around 70 sheep as well as expand its land territory to 200 hectares, 80 hectares of which will be cultivated using no-till farming practice.
Miki Agro 21 Ltd is now looking for working capital to cover the purchase of fertilizer and seed for the next season. To secure the loan, a front loader will be pledged, giving the 70% LTV.
As the company is newly established and does not have financial statement, the risk assessment of the loan has been conducted based on the financial information of Tamara 2013 Ltd, a goods trading company owned by the familly. Tamara 2013 Ltd will also provide guarantee to secure the loan as well.
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.