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.

LT0001484

Goal
15,000 €
Raised
15,000 €
100%
Return rate
16.5%
Rating
B
Period
18
Time left
LTV
-
Country
Lithuania
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
XXX "Xxxxxx", Xxxxxxxx Xxxxšxxxxčxxxė
Xxxxxxxšxė, XX-69376 Xxxxų Xūxx
header_1 Declared Owned
Farming land0.00 ha0.00 ha
20222021
Revenue 202,487.00 € 197,992.00 €
Net profit 23,017.00 € 33,605.00 €
Equity ratio 68.98% -
Project description
Documents
Payment schedule
Karpis is a fishing company operating since 1995 in the municipality of Kazlų Rūda, mainly engaged in carp breeding. Last year, the farm sold 80 tonnes of fish, which are bred in 25 ponds covering an area of 460 ha. The company sells its products to individuals, smokehouses and other smaller processing companies.

This year, Karpis UAB became a semi-organic farm, with 9 employees helping to maintain it. In the future, the project owner plans to renovate the warehouses and improve the infrastructure.

Now with this project on the platform the company aims to borrow 15 000 Eur to increase its working capital. All instalments have been made on time.

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.