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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.

LT0001377

Goal

15,000 €

Raised

15,000 €

Return rate

12%

Rating

A+

Period

Time left

LTV

Country

Lithuania

Loan purpose

Working capital

Business information

Security measures

Loan history

Project owner	Address
Xxxxxx Xxxxxxxxx Xxxxxxxė	Šxxxxxų xxx. Xxxxčxų xxxxxxxxx., Šxxxxėx xxxx.

header_1	Declared	Owned
Farming land	73.27 ha	58.22 ha

	2022	2021
Revenue	146,732.00 €	71,766.00 €
Net profit	47,618.00 €	30,642.00 €
Equity ratio	62.75%	-

Project description

Documents

Payment schedule

The farmer started farming in Šilutė district in 1995, when her parents pass it down to her.

The 73.27 hectares of land is used to grow grass and produce fodder for the 100 cattle kept on the farm. She also rears a few dairy cows, but most are beef cattle.

This year, she will use part of the land to sow maize and wheat.

As part of EU projects, she has purchased a Case tractor, a baler, a rake and other small equipment. The farm is run and maintained by the whole family.

Her future plans are to increase the agricultural area and purchase more cattle. Most of the livestock is sold to UAB Raskafas, which exports cattle to Israel.

With this project, the farm aims to borrow EUR 15 000 for working capital.

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.