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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.
LT0001469
Project owner | Address |
|---|---|
header_1 | Declared | Owned |
|---|---|---|
| Farming land | 52.35 ha | 25.88 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 17,537.00 € | 17,796.00 € |
| Net profit | 11,519.00 € | 16,686.00 € |
| Equity ratio | 81.89% | - |
Documents
Payment schedule
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The project is focused on the growth of a farm in Lithuania. In the Telšiai region, a mixed farm was established in 2020.
The young farmer received the land as an inheritance from his mother, who also left behind two tractors and other farming equipment along with a 7 ha plot of land.Last year, the farmer also bought a Belarus tractor and his own little combine harvester. Of the 52,35 ha that the farmer actually possesses, 25,88 ha are claimed by him.
On this farm, a range of cereal crops like barley, wheat, peas, and others are cultivated together with over 33 different mixed beef cattle breeds.
The farmer has applied for a loan to purchase some basic gear.
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.