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.

LT0001710

Goal
26,700 €
Raised
26,700 €
100%
Return rate
From 11%
Rating
A
Period
25
Time left
LTV
69%
Country
Lithuania
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxx Xxxxxxx
Šxxxxėx x., Xxxxxxxų x.
header_1 Declared Owned
Farming land268.35 ha52.14 ha
20222021
Revenue 310,853.00 € 118,128.00 €
Net profit 137,939.00 € 4,373.00 €
Equity ratio 34.76% -
Project description
Documents
Payment schedule
Farmer has established his farm in 2014 and started working on the farm on his own. Today, he manages a total area of 268,35 hectares of which he owns 52,14 hectares. The farmland is planted with various cereals such as wheat, corn, peas, rapeseeds, buckwheat, and oats.

Most of his crop production is sold to UAB Scandagra. During harvesting season, he hires some extra hands to help with his farm work. The farm is well-equipped with 2 tractors, a harvester and smaller pieces of equipment.

At this moment, the farmer is plowing the soil, but plans to shift to more sustainable method of farming, no-till farming, in couple of years. He also plans to participate in EU financing projects for further development of the farm.

Now, he is borrowing 27 700 € to refinance his first loan LT0001424 with a principal amount of 15 000 €and the remaining amount will be used to increase his working capital.

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.