agriculture_loan

agriculture_loan_description

LT0000277

goal
33,000 €
raised
33,000 €
100%
return_rate
from 11.1%

rating
B

period
28

time_left

LTV
70%

country
Lithuania

loan_purpose
Working capital

business_information
security_measures
loan_history
project_owner address
Xxxxxxxx Xxxšx
header_1 declared owned
farming_land--
revenue
net_profit
equity_ratio
project_description
documents
payment_schedule

About the project

With this project, we invite you to contribute to the expansion of a growing farm's technical fleet. The businessman, who is actively working in the agriculture sector since 2012, currently manages more than 40 hectares of the mixed farm in the Širvintos district. He is farming together with his wife, who recently received support from the NPA (National Paying Agency) as a young farmer. The total area of ​​the family farm is 70 hectares.

The farm raises 20 sheep, and the rest of the area is devoted to crops. The farm is semi-organic - oats, organic pumpkins, and buckwheat are grown here. Next year the farmer is planning to start growing peas on the farmland. The project owner uses a tractor, a disc harrow, a plough, a cultivator, a fertilizer spreader, and a sprayer for the farm work.

The businessman is constantly looking for ways to renovate the facilities used on the farm - now the project owner is running a farm roof reconstruction project for which he has received the NPA support. The first phases of the project have already been completed and a full reconstruction should be implemented next year.

With this loan, the businessman seeks to intensify farm activities by modernizing machinery. 

In addition to agricultural activities, the farmer successfully runs a kayaking business.

Annual interest

  • Investing from 100 € - interest 10,6%
  • Investing from 500 € - interest 11,3%
  • Investing from 1.000 € - interest 11,6%
  • Investing from 2.000 € - interest 12,1%
  • Investing from 5.000 € - interest 12,3%
  • Investing from 10.000 € - interest 12,7%

project_risks

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additional_information:

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