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.

LT0002778

Goal
2,291 €
Raised
0 €
0%
Return rate
From 9.6%

Rating
A

Period
42

Time left

LTV
75%

Country
Lithuania

Loan purpose
Refinancing

Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxx Xxxxxxxx
Xxxxxxxčxx x., Xxxxxxėx xxx. Xxxėxxx xxx
header_1 Declared Owned
Farming land3.00 ha3.00 ha
20242023
Revenue 287,350.00 € 453,311.00 €
Net profit 159,388.00 € 148,317.00 €
Equity ratio 86.13% -
Project description
Documents
Payment schedule

The borrower’s main activity is carried out at a rural tourism homestead and leisure center called Nojaus Laivas (“Noah's Ark”). The business is family-run, with five children actively helping to organize various activities.

The leisure center is located in Merkinė eldership, near the resort town of Druskininkai, surrounded by the Dzūkija National Park and situated on the shore of Lake Ilgis. The rural tourism homestead began operations in 2009 and spans a territory of 5.9 hectares.

The homestead benefits from a strategically convenient location: 104 km from Vilnius and 101 km from Kaunas. Its website is www.nojauslaivas.lt, and the brand name is officially trademarked.

In addition to rural tourism, the borrower also engages in various supplementary activities — organizing corporate events, camps, and private celebrations. During the off-season, he works in education, coaches children in rowing, serves as a referee at international competitions, and organizes sports events for both children and adults.

To secure the loan, the borrower offers a privately owned land plot adjacent to the mentioned leisure center.

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.