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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.
LT0001160
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 115.79 ha | 26.08 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 199,939.00 € | 162,788.00 € |
| Net profit | 48,357.00 € | 142,108.00 € |
| Equity ratio | 23.58% | - |
Documents
Payment schedule
The owner of the project has been farming grains for over ten years. He has consistently grown cereals throughout his farming career and currently devotes most of his land to wheat and rape. The remaining 10% is used for peas and barley. The project owner maintains the farm himself.
The farmer owns almost all the equipment needed to maintain the farm - a tractor, combine harvester, sprayer, fertiliser, plough, cultivator and other small implements.
This loan of EUR 15 000 is intended to increase working capital. The funds are to be used for the purchase of fuel, fertilisers and to carry out minor repairs as well as to repay the outstanding balance of loan LT0000513 of EUR 7 371,26 (the loan is paid on time).
The farmer's declared land area: 115,79 ha, of which 26,08 ha are owned.
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.