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.

LT0001528

Goal
15,000 €
Raised
15,000 €
100%
Return rate
13%
Rating
B
Period
4
Time left
LTV
-
Country
Lithuania
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxxx Xxšxūxxx
Xxxžxūxų x., Xxxxxxšxxx xxx. Šxxxčxxxxų x.
header_1 Declared Owned
Farming land617.00 ha500.00 ha
20222021
Revenue 1,022,053.00 € 1,327,829.00 €
Net profit 79,420.00 € 291,389.00 €
Equity ratio 19.94% -
Project description
Documents
Payment schedule
The businessman established a family farm in 1995. Seeing the success of the father, his daughter and two sons also launched farms themselves.

Consequently, the farmer now declares 617 hectares of arable land, of which over 500 hectares he owns. Part of the land he owns is being farmed by family member, the whole family declares 2 300 hectares of arable land. 

The ecological farm grows mainly wheat and buckwheat. The farmer has various heavy-duty vehicles and also grain storage towers, where he can store up to 1 500 tons of grain. Therefore, he's also purchasing grain from other farmers to sell it later for a higher price.

Part of the loan funds will be used to cover debt for UAB Ekoagros and the remaining part will be allocated for working capital.

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.