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.

LT0001333

Goal
37,000 €
Raised
37,000 €
100%
Return rate
11%
Rating
A+
Period
8
Time left
LTV
59%
Country
Lithuania
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxxxx Xxxxxxxxė
Xxxxxxxų xx. 16, Xxxšxxxxxxų xxxx.
header_1 Declared Owned
Farming land620.58 ha208.00 ha
20222021
Revenue 778,724.00 € 508,073.00 €
Net profit 200,775.00 € 222,398.00 €
Equity ratio 32.43% -
Project description
Documents
Payment schedule
In 2013, the project owner started to take over her father's specialised crop farm. Through two farms, the family owns 1,200 hectares of agricultural land, of which 208 hectares are owned and the rest is rented. The project owner's long-term goal is to increase the amount of land she owns in the Kaišiadorys district, which is characterised by high agricultural productivity. 

Although the farm rotates crops every year, winter and spring wheat and oilseed rape usually occupy a large area. Rye and oats are also grown. The farmer also applies the no-till farming method on her farmland.

The farmer is now borrowing € 37 000 to increase her working capital. The entrepreneur is making timely payments on the loans and their interest, and has already repaid two loans (LT0000122; LT0000609) with a total amount of € 92 000. This loan is secured by a secondary mortgage on 6 (40,3 ha) plots of land. A part of the value of the pledged assets secures the obligations of another existing loan (LT0000017), thus the value of the assets for this loan is calculated at € 62 417.


Investors have already received a total of ~ € 35 000 in interest from the farmer's other projects.

The land area under cultivation of the owner of the project is 620,58 ha, of which 208 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.