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Agriculture loan
+State guarantee
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.
LT0000784
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 79.56 ha | 32.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 123,828.00 € | 128,260.00 € |
| Net profit | 35,582.00 € | 55,607.00 € |
| Equity ratio | 30.45% | - |
Documents
Payment schedule
With this project, we invite you to invest in a loan for purchase of a tractor Case IH Puma 140. The Lithuanian mixed farm is located in Skuodo district. The farmer explores over 79 ha of land, of which 32 ha is owned, while the rest is being rented.
The woman who took over her parents' farm, and started farming in 2018. The farm grows wheat and barley, and all the crops are fed to the cows. Currently there are 40 cows in the farm, which she plans to increase to 59 during this year. She works together with her husband and employs three additional workers. The farm uses a sowing machine, a baler, a slurry wagon and other small machinery.
Next in the roadmap is to improve the farm's productivity. To achieve the goal, she seeks to borrow 99 099 € in order to purchase an additional tractor. The loan is backed by the additional tractor itself.
In addition, the farmer got granted an individual guarantee of 80% provided by a governmental development institution Agricultural Credit Guarantee Fund. Individual guarantee means that in case of a default, the Fund pays the difference between the unpaid credit amount or any portion thereof, and the income received by the credit institution from the exaction.
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.