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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.
LT0001128
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 49.31 ha | 27.82 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 132,067.00 € | 113,007.00 € |
| Net profit | 10,576.00 € | 27,119.00 € |
| Equity ratio | 47.52% | - |
Documents
Payment schedule
With this project, we invite you to invest in the development of a mixed farm.
Growing up in an agricultural family, the businesswoman gained expertise in the field before buying a piece of land for her own farm in 2007. Together with part of the land that was passed down from her parents, she now manages a total area of almost 50 hectares, half of which is her ownership.
On the farm, the businesswoman grows wheat and oats as well as keeps 100 cattle, 60 of which are dairy cows. Her dairy production is sold to AB Žemaitijos pienas, while meat production is sold to UAB Biovela-Utenos mėsa.
The farmer is hiring 3 people to help her to manage the farm and has 2 tractors seeder, a rake and other smaller pieces of equipment.
Now the businesswoman is borrowing 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.