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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.
LT0003006
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 2.13 ha | 0.00 ha |
| 2024 | 2023 | |
|---|---|---|
| Revenue | 11,256.35 € | 11,032.72 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
In 2022, a diversified farm was established in the Utena district, producing mushrooms, vegetables, and honey through an active beekeeping operation. The farmer cultivates 2.13 hectares of land under a usage agreement, ensuring a stable production base.
Two years ago, the business received support from the National Paying Agency (NMA), which was invested in modernizing operations with the purchase of a tractor and soil cultivation equipment.
The farmer is seeking for the loan through InSoil to further develop the farm. To secure the loan, she offers her spouse’s guarantee. Her spouse has been successfully managing a mixed farm since 2014, adding further credibility and experience to the project.
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.