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.

LT0001552

Goal
15,000 €
Raised
15,000 €
100%
Return rate
14.5%

Rating
B

Period
36

Time left

LTV
-

Country
Lithuania

Loan purpose
Working capital

Business information
Security measures
Loan history
Project owner Address
Xxxxxxx Xxxxxxxčxxxė
Šxxxų x., Xxxėčxų xxx., Xxxxėxų x.
header_1 Declared Owned
Farming land0.00 ha0.00 ha
20222021
Revenue 24,581.03 € 23,445.18 €
Net profit - -
Equity ratio - -
Project description
Documents
Payment schedule

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A farmer has been involved in animal husbandry and poultry farming since 2016. 960 quails, 17 sheep, and 700 chinchillas are grown on the farm in the Šakiai district, Lithuania.

The woman is now taking a loan of 15 000 EUR to cover her previous loan (LT0000334) which has a remaining principal of 3 797 € and will increase her working capital.
The farmer has been meeting her payments with zero delays.

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.