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.

LT0002977

Goal
33,500 €
Raised
33,500 €
100%
Return rate
14%

Rating
B+

Period
59

Time left

LTV
66%

Country
Lithuania

Loan purpose
Equipment purchase

Business information
Security measures
Loan history
Project owner Address
Ūxxxxxxxx (-ė) Xžxxxž Xxxxxxxxx
Xxxxxxxx x., Xxxxxčxxėx xxx., Xxxxxūxų x., Xxxxxūxų x. 42
header_1 Declared Owned
Dirbama žemė108.88 ha2.75 ha
20242023
Revenue 25,766.00 € 26,693.00 €
Net profit 918.00 € -26,073.00 €
Equity ratio 14.94% -
Project description
Documents
Payment schedule

In 2015, a crop farm was set up in Vilnius district, growing wheat, rye, oats and buckwheat. The declared area is around 108.88 ha of which 2.75 ha are owned.

The farmer owns a tractor, a trailer for transporting grain and implements for cultivation. As the farm is not large, the farmer himself manages to run the daily operations alone.

Next on the roadmap, the farmer plans to extend his farm territory to 150 hectares as well as purchase a combine harvester to increase the farm efficiency.

To make it happen, he needs additional finance to purchase a combine harvester.

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.