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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.
LT0001370
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 27.95 ha | 8.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 55,673.00 € | 34,720.86 € |
| Net profit | 23,981.00 € | - |
| Equity ratio | 18.13% | - |
Documents
Payment schedule
The businessman, who started farming five years ago, is now developing around 28-hectare crop farm in Šakiai district. Wheat, rapeseed, and beans are grown on the leased land. The farm's technical fleet consists of a tractor, a combine harvester, a trailer, and other agricultural machinery. The man works alone on the farm and does not hire any additional workers.
Although most of the land is leased, the farmer's current goal is to purchase as much land as possible. To achieve this, the farmer is borrowing EUR 32 000 - his vision is to own at least half of the farm land in the next five years.
In addition to conventional crops, the project owner will also plant sugar beet on the purchased land. The loan is secured by a mortgage on his own the land.
The existing loan LT0000425 is being paid on time and has a current balance of EUR 8 718,61, which will be covered with the new 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.