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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.
LT0001424
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 268.35 ha | 52.14 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 310,853.00 € | 118,128.00 € |
| Net profit | 137,939.00 € | 4,373.00 € |
| Equity ratio | 35.24% | - |
Documents
Payment schedule
Farmer has establihed his farm in 2014 and started working on the farm on his own. Today, he manages a total area of 268 hectares where he owns around 52 hectares. The farmland is planted with various cereals such as wheat, corn, peas, rapeseeds, buckwheat, and oats.
Most of his crop production is sold to UAB Skandagra. During harvesting season, he hires some extra hands to help with his farm work. The farm is well-equipped with 2 tractors, a harvester and smaller pieces of equipment.
At this moment, the farmer is plowing the soil , but plans to shift to more sustainable method of farming, no-till farming, in couple of years. He also plans to participate in EU financing projects for further development of the farm.
Now, he is borrowing 15 000 € of working capital to help him prepare for the season.
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.