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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.
LT0001282
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 166.96 ha | 96.85 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 97,414.00 € | 111,171.00 € |
| Net profit | 28,000.00 € | 40,306.00 € |
| Equity ratio | 43.11% | - |
Documents
Payment schedule
With this project, we invite you to invest in the development of a farm in Biržai district.
The farmer started farming in 1998 when his parents passed over the family farm him 10 ha of land. Now he grows wheat, rapeseed and barley. A farmer works on a farm with the help of family members.
The farm machinery fleet consists of 4 tractors, 2 trailers, a sowing machine, a combine harvester and other smaller equipment.
The farm uses non-farming technology and sells all the crops to UAB "Agrokoncernas" and AB "Linas agro".
The owner of the project aims to borrow €20 900. This is the second loan for a farmer on the platform, the existing loan LT0000960, with an active balance of €15 300. All payments are made on time.
The loan is secured by a mortgage on a John Deere tractor.
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.