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.

LT0002967

Goal
25,000 €
Raised
25,000 €
100%
Return rate
13%

Rating
A

Period
29

Time left

LTV
-

Country
Lithuania

Loan purpose
Equipment purchase

Business information
Security measures
Loan history
Project owner Address
Ūxxxxxxxx (-ė) Xxxxxxxxx Xxxxxxx
Xxxžų x. xxx., Xxxxxxx xxx., Xxxxxxxx, 12
header_1 Declared Owned
Dirbama žemė210.08 ha62.85 ha
20242023
Revenue 285,307.00 € 189,653.00 €
Net profit 89,365.00 € 28,686.00 €
Equity ratio 79.98% -
Project description
Documents
Payment schedule

The farm was registered 18 years ago in the Biržai district and is fully organic.

It operates with 2 tractors, a combine harvester, 2 trucks, and additional equipment adapted for organic farming – in total, around 30 machinery units.

The farm currently declares over 210.08 hectares of land, 62.85 hectares of which are owned. It grows various cereal crops, such as wheat, peas, oats, and buckwheat. Crop rotation and cover crops are applied.

It is also worth mentioning that the farmer owns a separate company – UAB “Einorių ūkis” – which declares an additional ~200 hectares, including 4 hectares of owned land. Together with family members, they cultivate 410 hectares of land in total, with nearly 70 hectares owned. Their combined machinery fleet consists of about 60 units.

The funds will be used to pay an advance for a new tractor, which will be purchased with the support of NMA (National Paying Agency).


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.