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.

LT0000847

Goal
15,000 €
Raised
15,000 €
100%
Return rate
12%
Rating
B+
Period
15
Time left
LTV
-
Country
Lithuania
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxxxxxxxxxxx
Xxxxxėxxx xxxx., Xxxxxxxxx, Xxxxxxxų xx.
header_1 Declared Owned
Farming land15.82 ha5.82 ha
20212020
Revenue 27,975.00 € 24,979.00 €
Net profit 12,936.00 € 14,211.00 €
Equity ratio 72.16% -
Project description
Documents
Payment schedule
The farm in the Kedainiai district was established in 2018. The farmer took this farm from his father. During this time, the farmer has turned it from a hobby into his business. 

The farmer grows wheat and rapeseed in over 15 ha of farmland, where around 6 ha of land is owned. The entrepreneur mostly works alone on the farm but he has all family members contribute to the farm work when needed.
The farm's machinery fleet consists of three tractors, a sprayer, a sowing machine and other smaller equipment.

This is the farmer's first project on the platform. With a loan of €15 000, the entrepreneur plans to buy a combine harvester in order to be independent during harvest time.

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.