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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.
LT0001112
Project owner | Address |
|---|---|
header_1 | Declared | Owned |
|---|---|---|
| Farming land | 41.86 ha | 3.70 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 19,412.00 € | 6,473.00 € |
| Net profit | 480.00 € | 2,232.00 € |
| Equity ratio | 55.38% | - |
Documents
Payment schedule
With this project, we invite you to invest in the development of a Lithuanian mixed farm. The businessman has been working in the agriculture sector for four years and currently cultivates 41.84 hectares of land in the Lazdijai district. The farmland was increased from 32 ha last year. Currently, 9 beef cattle and 16 dairy heifers are raised here. Half of the farm area is dedicated to crops - wheat, barley, and triticale are grown here.
The farmer also plans to purchase another 5 ha in spring. Each year the farmer not only expands his farmland but also updates his machinery, with a new tractor, trailer, cultivator and sowing machine purchased with the help of an NMA project.
However, the farm also uses the old machinery - two tractors, a forage harvester and a combine harvester purchased.
Now the entrepreneur aims to borrow 21 500 EUR and to purchase a Manitou telehandler for livestock care. This is the farmer's third project on the platform, the total balance of the existing loans (LT0000213, LT0000846) is 19 983,91 EUR. In addition the loan will be secured by a pledge on the machinery to be purchased.
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.