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.

LT0001096

Goal
15,000 €
Raised
15,000 €
100%
Return rate
11%
Rating
A
Period
12
Time left
LTV
-
Country
Lithuania
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
Xxxxxxx Xxxxxx
Šxxxxxxų xxx., Xxxxų Xūxxx xxxxxxxxx.
header_1 Declared Owned
Farming land64.66 ha37.53 ha
20212020
Revenue 34,237.00 € 41,634.00 €
Net profit 9,557.00 € 23,426.00 €
Equity ratio 59.36% -
Project description
Documents
Payment schedule
Dairy cattle farm in Kazlų Rūda district, has been operating since 2007.


Currently, 68 beef cattle are being reared on the farm of 64.66 ha (37.53 ha are owned). The man carries out all the farm work alone, with the help of the machinery he owns: two tractors, a fountain loader, a hay baler, livestock trailers and other farm implements.



For his first project, the farmer is seeking a loan of EUR 15 000 to increase his working capital.
The funds will be used to purchase small plots of land situated next to his farm.

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.