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.

LT0001639

Goal
16,300 €
Raised
16,300 €
100%
Return rate
14.55%
Rating
C+
Period
37
Time left
LTV
63%
Country
Lithuania
Loan purpose
Investment to increase production
Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxx Xxxxxxxxxė
Xxxxxxxžxx x. 4, Šxxxxxxų x.
header_1 Declared Owned
Farming land16.24 ha3.16 ha
20222021
Revenue 43,612.38 € 12,506.80 €
Net profit - -
Equity ratio - -
Project description
Documents
Payment schedule
A young farmer established her farm after she has been gaining on hand expertise from helping her parent's farm from a young age. 

The farmer has won and is implementing a new young farmer project. Currently, the farm grows strawberries and shiitake mushrooms. All productions are being sold directly to buyers at her farm in Širvintai district.

Besides, she is planning to diversify her farm by engaging in animal husbandry activities, thus she is also purchasing cattle with the help of this loan.

The businesswoman owns two tractors and smaller pieces of equipment to help with her farm work.

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.