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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.
LT0001478
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 180.64 ha | 14.84 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 227,460.00 € | 123,618.00 € |
| Net profit | 113,168.00 € | 46,325.00 € |
| Equity ratio | 36.25% | - |
Documents
Payment schedule
The farmer has been farming in Pasvalys district since 2008. In addition to running the farm, the farmer has a veterinary qualification, which he uses both on his own and on neighbouring farms.
The farmer has 180,64 hectares of land of which he owns 14,84 hectares.
The farmer's main activities are dairy farming and livestock farming. The main income of the farm is ~80% from milk sales, while cattle sales generate ~15% of the sales income and the rest from grain/pasture sales. The main business partners are the companies buying milk and cattle: AB "Pieno žvaigždės"; UAB "Biovela-Utenos mėsa".
As the farm grows, greater efficiency is achieved (better milk and cattle purchase price), and the number of cattle is being steadily increased: 2020 - 147; 2021 - 154; 2022 - 225.
The farmer uses an old tractor and other implements for forage preparation. The farmer has applied to the HF community for a loan to purchase a tractor and has pledged 19,1000 ha of land as collateral.
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.