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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.
LT0001290
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 13.71 ha | 7.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 153,518.18 € | 60,896.08 € |
| Net profit | 31,010.81 € | 27,070.73 € |
| Equity ratio | 68.5% | - |
Documents
Payment schedule
The man started farming in 2019, but gained experience on hands from his childhood, as his mother is also a farmer.
The farm in Lazdijai district is based on pastures and arable fields. Wheat, alfalfa and oats are also grown there, along with 5 cattle.
The farmer sells the harvest and the rest is used to feed his livestock.
The man works alone on the 13.71 ha farm and hires seasonal workers to help him with farm works only when necessary.
His own machinery consists of 2 tractors, a fertiliser spreader, a potato digger and other smaller machinery.
With his second project on the platform, the farmer aims to borrow EUR 11 300 for working capital. The loan is secured by a mortgage on a New Holland TS115 tractor.
Active loan number: LT0001209; Active loans balance: €11 000
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.