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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.
LT0001507
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 21.60 ha | 21.60 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 33,447.44 € | 30,620.40 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
The farmer is the owner of the farm since 2017. He inherited it from his grandfather who founded this farm and has been farming since the time of independence.
The farm is mixed, but is more inclined towards cereal production. Farmer has always managed together with his parents.
The machinery they use is two tractors that are old (t-16 mtz 80). They want a loan to renew the equipment so they can work more smoothly.
His plan for the future is to expand in the area of cereal cultivation. The area of cultivated land has already been increased from 2/2.5 hectares to 10 hectares which will be sown this autumn.
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.