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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.
LT0001543
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 10.38 ha | 10.38 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 48,204.19 € | 138,528.46 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
The farmer has been farming since 2011 and she specialises in sheep farming with nine sheep.
The farmer owns 10,38 ha of land, part of which is used for hay meadows. The farm's income comes not only from the sale of sheep, but also from supplying bales of hay to other farms.
The entrepreneur uses a tractor and a smaller mower to produce hay, but these machines are no longer sufficient to cover the land, so she asked HF to help her buy a more powerful tractor.
Currently there is an active loan on the HF platform LT0000243 with a balance of 3372,07 EUR, which is being paid without any reproach and will be offset against with the new loan.
In addition, the project owner provides agro-tourism services in her farmhouse in Lobinis, renting three houses, a sauna and a hot tub. It is also possible to rent a boat to go boating on the nearby lake.
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.