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.

LT0002979

Goal
15,000 €
Raised
15,000 €
100%
Return rate
15%

Rating
A

Period
17

Time left

LTV
-

Country
Lithuania

Loan purpose
Working capital

Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxxxxx Xxxxxxxx
Xxxxxėx x., Žxxxxxų xxx., Xxxxxxx
header_1 Declared Owned
Farming land138.86 ha55.00 ha
20242023
Revenue 83,719.00 € 49,690.00 €
Net profit 26,586.00 € 1,907.00 €
Equity ratio 79.04% -
Project description
Documents
Payment schedule
Since 2016, Plungė District has had a mixed farm growing wheat, oilseed rape, other crops, and raising beef cattle. The farmer's holdings comprise 138.86 ha of arable land, of which 55 ha belong to the farm.

The farm's machinery fleet consists of a combine harvester, two tractors, a sowing machine, a sprayer, a trailer, and other tillage equipment.

The farmer has applied to the Insoil community for a loan to be used for harvesting.

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.