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.

LT0001191

Goal
16,300 €
Raised
16,300 €
100%
Return rate
14.5%
Rating
B
Period
35
Time left
LTV
-
Country
Lithuania
Loan purpose
Refinancing
Business information
Security measures
Loan history
Project owner Address
Xxxxė Xxxxxxxxxė
Xxxšxų x. Xxxšxėxų xxx., Xxxxxxx
header_1 Declared Owned
Farming land14.15 ha3.96 ha
20212020
Revenue 40,881.21 € 73,299.15 €
Net profit - -
Equity ratio - -
Project description
Documents
Payment schedule


The organic mixed farm in Telšiai district was established in 2015. 


The farm grows wheat, oats and other crops that the owner uses to feed her horses. Currently, the farm has two horses that take part in endurance riding competitions as well as organising riding lessons.

The passion for horses has led the owner not only to take care of the animals, but also to set up a sportswear shop. The finance graduate has a vision to expand her riding centre and provide all related services for beginners and professionals alike.

For her second project, the farmer aims to borrow EUR 16 300 in order to be able to meet the obligations of the existing loan LT0000656, as she has experienced financial difficulties due to delays in NMA payments. So far the farmer has made all payments on time and has fully repaid loan LT0000292.

Declared land area 14,15 ha: Of which 3,96 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.