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.

LT0001390

Goal
27,500 €
Raised
27,500 €
100%
Return rate
From 12.5%
Rating
B
Period
22
Time left
LTV
80%
Country
Lithuania
Loan purpose
Refinancing
Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxxė Xxxxxxė
Xxxxxx xxxx. Xxxxxšxxų xxxxxxxxx., Xxxxūxxx, Xžxxų xx. 15
header_1 Declared Owned
Farming land143.11 ha26.59 ha
20222021
Revenue 62,036.00 € 71,003.00 €
Net profit 50,922.00 € 44,920.00 €
Equity ratio 79.45% -
Project description
Documents
Payment schedule
The organic mixed farm in Utena district was established in 2014.The farm currently has 18 beef cattle (Herefords) raised on the farm, and part of the land is sown with arable crops.


The farm is run entirely by family members, who look after 143,11 ha of land, of which 26,59 ha is their own.

The machinery fleet consists of a tractor and other implements needed for cultivation.


This is the farmer's first project on the platform, with the aim of borrowing EUR 27 500. The funds raised will be used to refinance her loans from another credit institution. The farmer is pledging 2 plots of land (17.46 ha) 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.