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.

LT0001037

Goal
15,000 €
Raised
15,000 €
100%
Return rate
12.8%
Rating
A
Period
36
Time left
LTV
-
Country
Lithuania
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxxx Xxšxx
Xxxxxxxxx xxxx. Xxxxxxxxx xxxxxxxxx., Xxxxxšxėx xxx.
header_1 Declared Owned
Farming land49.88 ha49.88 ha
20222021
Revenue 32,072.00 € 20,934.00 €
Net profit 6,771.00 € -3,442.00 €
Equity ratio 70.27% -
Project description
Documents
Payment schedule

To help a farmer collect funds faster, we offer you to earn even more. When investing, use the promo code Heavy1037 and get 3.00% cashback.


With this project, we invite you to invest in a farm in the Raseiniai district.


The farmer inherited the farm from his parents in 2019. The businessman now owns almost 50 hectares of land and breeds 12 meat cattle there.

The farm is run solely by family members and no additional workers are hired. Although the inherited machinery is currently sufficient enough for cultivation, the farmer has a plan to upgrade them to new ones to increase the farm's efficiency. 
The man is also planning to increase the land area to 80 hectares in the near future.

Although the farm's performance last year was negative (with a net loss of -3 442 €), this year the entrepreneur managed to secure an income of 32 072 € during a 9-month period with a profit of 6 771 €.
The businessman is now aiming to borrow EUR 15 000 for working capital.

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.