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.

LT0001313

Goal
15,000 €
Raised
15,000 €
100%
Return rate
14.5%
Rating
B+
Period
24
Time left
LTV
-
Country
Lithuania
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
XX „Xxxxxxxx Xxxx“, Xxxx Šxxxxė
Xxxxxxšxxų xxx., Xxxxxxxšxxx xxxx.
header_1 Declared Owned
Farming land0.00 ha0.00 ha
20222021
Revenue 94,399.00 € 455,745.00 €
Net profit 18,313.00 € 96,880.00 €
Equity ratio 43.3% -
Project description
Documents
Payment schedule
"Medienos Meka" MB, established in Rokiškis district, has been operating since 2018.

The main activity of the company is construction work. The company's main customer is UAB "Auga Group", which provides contract work orders for the construction and preparation of grain storage facilities, farms, as well as the construction of hangars and warehouses.


This year, the company has already concluded orders for EUR 250 000, as well as small orders for private individuals.

In addition to its core business, "Medienos Meka" MB also provides rental services for the transport of cargo. The company's fleet currently consists of a truck and two container trailers.


With its first project on the platform, the company aims to borrow EUR 15 000 for working capital. The funds will be used for the purchase of a second truck. The company's shareholder, who is a farmer herself, is providing her personal surety to secure the loan.

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.