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.

LT0001857

Goal
15,000 €
Raised
15,000 €
100%
Return rate
12.5%
Rating
B
Period
33
Time left
LTV
73%
Country
Lithuania
Loan purpose
Equipment purchase
Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxxxx Xxčxxx
Xxxėxų x. 29, Xxxėxų x., Xxxxxxxų xxx., Xxxxxxxx x. xxx.,
header_1 Declared Owned
Farming land38.28 ha23.00 ha
20222021
Revenue 18,560.69 € 15,177.76 €
Net profit - -
Equity ratio - -
Project description
Documents
Payment schedule
This project invites investors to be part of a growing farm. Started in 2015, the farmer grows wheat, buckwheat, oats and other cereals, while he also uses part of his land to grow strawberries.

The declared area of the farm is 38.28 hectares, of which 23 ha belong to the farmer himself.

The farm currently owns two tractors, a seeder, a cultivator, a disc cultivator, trailers and other small machinery necessary for the success of the farm.

The loan will be used to increase working capital and expand the business. It will be secured by a mortgage on a plot of land already mortgaged as part of the first farmer loan. The total value of the land is EUR 45 900.

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.