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.

LT0001268

Goal
7,700 €
Raised
7,700 €
100%
Return rate
13.5%
Rating
B+
Period
33
Time left
LTV
-
Country
Lithuania
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxx Xxxxxxxxx
Xxxxxxėxų xxxxxxxxx., Xxxxxxšxxų xxx.
header_1 Declared Owned
Farming land33.23 ha0.56 ha
20212020
Revenue 19,055.99 € 12,217.88 €
Net profit - -
Equity ratio - -
Project description
Documents
Payment schedule
The farm outside Elektrėnai grows wheat and rapeseed.

The farmer, who now manages 33.23 hectares of land, started farming 8 years ago. The man works on the farm with the help of his family members.

The farm's machinery fleet consists of 3 tractors, a combine harvester, a sowing machine and other small-scale cultivation equipment. All the crops produced on the farm are sold to grain buyers and other farmers.

 The project owner plans to increase the cultivated area and to purchase cattle. For his first project, he aims to borrow EUR 7 700 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.