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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.

LT0001582

Goal

15,000 €

Raised

15,000 €

Return rate

From 11.5%

Rating

Period

Time left

LTV

Country

Lithuania

Loan purpose

Working capital

Business information

Security measures

Loan history

Project owner	Address
Xxxxxx Xxxūxxx Xxxxxxxx	Xxxxxxxxx Xxxxxxxx 26x, Xxxxxxxx, Xxxxxxų x.xxx,

header_1	Declared	Owned
Farming land	151.11 ha	105.00 ha

	2022	2021
Revenue	134,676.00 €	50,753.00 €
Net profit	71,630.00 €	48,791.00 €
Equity ratio	61.86%	-

Project description

Documents

Payment schedule

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The farm was set up in 2017 as a mixed organic - environmentally friendly farm. Most of the farm is located in the Meteliai Regional Park, in protected landscape and biodiversity areas.

The farm has taken over the traditions of a family that has been farming in the area for 200 years and will pass them on to future generations. However, in order to be competitive, the farm has grown in 5 years from a dozen hectares of land taken over to 151,11 hectares today of which 105 ha is owned.

Cereal crops (wheat, buckwheat and oats) are grown only for their own use as feed and for crop rotation. On arable land, protein feed crops for cattle (clover, grass mixtures) are sown mainly, while grassland is hayed and grazed. All these activities are carried out in accordance with the rules for the management of Natura 2000 sites.

The farm has a complete herd of purebred Angus Aberdeen cattle of good genetic quality, totalling over 60 heads. Pure-bred Lithuanian hen geese and cross-bred ducks are also reared as ancillary production. Around 500 of these birds are produced and marketed. Pure-bred Lithuanian coarse sheep (over 30 head) are also kept for grounds maintenance. The farm is a member of the Lithuanian Livestock Breeders' associations. The farm is advised on livestock development by renowned breeding experts from the Institute of Animal Breeding of the Lithuanian University of Health Sciences. In addition to family members, the farm employs 2 full-time wage earners.

The ultimate goal of the farm's development is to participate in cooperative and direct food supply chains, selling high quality produce directly to consumers, and exporting an increasing share of it. Genetic research on the breeding cattle has also been started in cooperation with scientists from VMU and LSMU, and the herd will be further expanded in order to create one of the Baltic region's best breeding and export herds. The farm also plans to increase its participation in programmes to maintain natural diversity by attracting additional funding. Services are already being provided to the Metellus Regional Park Administration, but the expertise and technical capacity in this area is set to expand as environmental protection is increasingly being addressed by the EU's agricultural policy.

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.