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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.

LT0001580

Goal

11,000 €

Raised

11,000 €

Return rate

13%

Rating

Period

Time left

LTV

Country

Lithuania

Loan purpose

Working capital

Business information

Security measures

Loan history

Project owner	Address
Xxxxxxxxx Xxxxxxxx	Xxxxxxxšxxx xxx. Xxxxxxxxxxx xx

header_1	Declared	Owned
Farming land	119.03 ha	22.00 ha

	2022	2021
Revenue	160,420.00 €	89,380.00 €
Net profit	60,734.00 €	21,362.00 €
Equity ratio	22.28%	-

Project description

Documents

Payment schedule

The owner of the project, with many years of experience, grows a wide range of crops in the Vilkaviškis district. The farmer cultivates wheat, rapeseed and oats. The farmer takes care of the soil fertility by sharing and exchanging land with his son who grows other cultures on his farm. The farmer sells most of his produce to Agrokoncernas.

According to the project owner, the farm is equipped with all the necessary implements. The machinery fleet consists of a combine harvester, various types of cultivators, ploughs, 4 tractors, spraying equipment, fertiliser equipment, trailers and other smaller tools. The owner of the project tries to regularly update the machinery and to implement the most modern technologies on the farm. He has previously received support from the European Union to achieve this.

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.