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.

LT0001864

Goal
15,000 €
Raised
15,000 €
100%
Return rate
13.5%
Rating
B+
Period
23
Time left
LTV
-
Country
Lithuania
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxxxxxx Xxxxxxxxxxx
Xėxxxxxų x., Xxxxxxxx xxx., Šxxxxxxxžėx x.
header_1 Declared Owned
Farming land119.51 ha10.00 ha
20222021
Revenue 188,012.95 € 166,668.56 €
Net profit - -
Equity ratio - -
Project description
Documents
Payment schedule

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Since 2015, project owner has been managing his own farm, but he used to help his wife with her farm even further back. In total he farms for more than 10 years. 

Total declared area of farmland is 119,51 hectares of which 10 ha are owned. In this land farmer grows wheat, rapeseed and peas. Farmer works alone on the farm, but during the harvest season his son helps him out.

Machinery fleet of the farm has 2 tractors, harvester, seeder, cultivator and smaller pieces of equipment.

Farmer sells his crops to UBA Žvalguva, AB Linas Agro, UAB Agrochema. He has plans to increase his farmland by buying and renting additional land plots.

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.