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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.
LT0001686
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 266.62 ha | 86.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 406,228.00 € | 318,630.00 € |
| Net profit | 92,622.00 € | 53,678.00 € |
| Equity ratio | 30.49% | - |
Documents
Payment schedule
The project owner is a Lithuanian farmer, who started the development of his farm in 2010. He actively started farming in 2017 and since then he expanded his farm’s arable land to almost 330 hectares. The farmer’s wife also owns agricultural land, therefore the total area of the family farm is up to 350 hectares. The farmer plans further expansion and to increase the size of land.
The farmer employs one permanent employee and additional employees during the season.
He mainly grows winter wheat, barley, rapeseed and oats. The farmer sells all his grain to large companies such as Kauno grūdai, Malsena and Linas agro.
The businessman has three tractors, a combine harvester, a sprayer, a seed drill, a disc harrow, a trailer, and other agricultural machinery to do all the work.
This loan will be secured with Massey Ferguson tractor (2022) as a collateral.
This is not the first farmer's loan on a HF platform. He already fully repaid 6 loans out of 11. This time farmer ask HF community for a loan for tractor refinancing.
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.