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.

LT0000916

Goal
140,000 €
Raised
0 €
0%
Return rate
From 11.4%

Rating
B

Period
40

Time left

LTV
84%

Country
Lithuania

Loan purpose
Working capital

Business information
Security measures
Loan history
Project owner Address
Ūxxxxxxxx (-ė) Xxxxxxx Xxxūxxx
Xxxėxų xxxx., Xxxxxxx xxxxxxxxx., Xxxxxxx
header_1 Declared Owned
Dirbama žemė188.87 ha41.69 ha
20212020
Revenue 220,749.00 € 145,025.00 €
Net profit 97,271.00 € 70,311.00 €
Equity ratio 58.28% -
Project description
Documents
Payment schedule

The farm in Moletai district was established in 2001, where winter wheat, winter oilseed rape, beans and hemp are grown.

In the coming years, the farmer plans to split the farm into two parts, cereals and vegetables, and to sow more beans and peas. On this basis, he has applied to the NMA for support for a vegetable farm.

With this project, he will be able to purchase a mobile dryer, a sprayer, a cultivator and a plough. The farm machinery fleet consists of three tractors and cultivation implements such as a sprayer, a fertiliser spreader, a cultivator, a drill, a disc cultivator, etc.

This is the first farmer's project on the platform. The entrepreneur's purpose is to use the investment for buying efficient and modern equipment. The loan is secured by a mortgage on 48 ha of land.

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.