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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.

LT0000976

Goal

16,500 €

Raised

16,500 €

Return rate

12.5%

Rating

Period

Time left

LTV

70%

Country

Lithuania

Loan purpose

Working capital

Business information

Security measures

Loan history

Project owner	Address
Xxxxxxx Xxxxxxčxxx	Xxxšxxxxxxų xxxx., Žxxžxxxxų xxxxxxxxx., Xxxxxūxų xxx.

header_1	Declared	Owned
Dirbama žemė	72.00 ha	1.71 ha

	2021	2020
Revenue	46,274.00 €	65,881.00 €
Net profit	5,087.00 €	31,167.00 €
Equity ratio	48.54%	-

Project description

Documents

Payment schedule

A farmer living in Kaišiadorys district, has been farming since he was a child, as he used to help his parents and grandparents ever since.

Now on his 72 ha farm he grows wheat, rapeseed, oats, potatoes, onions and other vegetables.

Farmer carries out all the farm work together with the help of his wife. Besides that, the farm uses notill technology.

Owned machinery fleet consists of 4 tractors, a combine harvester and other smaller machinery. All vegetables grown on the farm are sold to private individuals. Other crops are sold to AB Kauno grūdai and UAB Skandargra.

With this project, the farmer aims to borrow EUR 16500 to purchase seeder Sulky Tramline SX 400. The loan will be secured by the seeder itself.

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.