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.

LT0001382

Goal
15,000 €
Raised
15,000 €
100%
Return rate
13.5%
Rating
A
Period
12
Time left
LTV
-
Country
Lithuania
Loan purpose
Refinancing
Business information
Security measures
Loan history
Project owner Address
Ūxxxxxxxx (-ė) Xxxxxx Xxxxxxxė
Xxxxxx xxxx., Xxxxxxų xxx.
header_1 Declared Owned
Dirbama žemė132.36 ha0.00 ha
20222021
Revenue 83,201.00 € 32,910.00 €
Net profit 23,864.00 € 3,992.00 €
Equity ratio 52.64% -
Project description
Documents
Payment schedule
The farmer took over the farm in Utena district from her niece in 2018, but the farm has been operating since 2011. The farm is run by the whole family, with an additional worker during the summer season. 

The 132 ha of cereals are cultivated on the farm and are maintained by several tractors, ploughs, trailers, a sprayer and other small machinery. The farmer plans to switch to more sustainable no-till farming approach.

Most of her grain is currently sold to AB Linas Agro and UAB Agrochema.

The owner of the project is seeking a loan of EUR 15 000. The funds raised will be used to cover the existing loan LT0000702 and to increase the working capital of the farm.

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.