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.

LT0001023

Goal
15,000 €
Raised
15,000 €
100%
Return rate
14.5%
Rating
B+
Period
46
Time left
LTV
-
Country
Lithuania
Loan purpose
Equipment purchase
Business information
Security measures
Loan history
Project owner Address
Ūxxxxxxxx (-ė) Xxxxx Xxxxxxxxė
Xxxxxėx x., Xėxšxų xx., Xxxxxxxų x.
header_1 Declared Owned
Dirbama žemė9.06 ha0.00 ha
20212020
Revenue 15,817.72 € 6,981.14 €
Net profit - -
Equity ratio - -
Project description
Documents
Payment schedule

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The farm was established in 2017 with a focus on raising rear beef cattle. Now the woman declares 5.24 ha of farmland where her 8 beef cattle is grazing. Although the project owner does not currently declare ownership of the land, she is preparing documents to buy back 1 ha of land from the state.
She is accompanied by her spouse, who declares an additional 3.82 ha of land and also raises 4 beef cattle. On top of that, the family also has formal employment as another source of income.

With strong ambition, the farmer plans to declare at least 25 ha of farmland next year.
The farmer is looking for external finance to purchase a tractor. The loan is secured with the sole accountability of the farmer herself. On top of that, the spouse also provides his personal guarantee to secure the loan.
The spouse declared 15 422 € and 18 228 € of income in 2021 and 2022 respectively.

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.