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.

LT0003019

Goal
31,000 €
Raised
31,000 €
100%
Return rate
15%
Rating
C+
Period
59
Time left
LTV
26%
Country
Lithuania
Loan purpose
Equipment purchase
Business information
Security measures
Loan history
Project owner
Address
Xxxxxx Xxxxxxx Xxxxxxxxxxė
Xxxxxx x. xxx., Xxxxxxxxų xxx., Xxxxxxxx
header_1
Declared
Owned
Farming land60.09 ha0.12 ha
20242023
Revenue 15,505.00 € 9,653.00 €
Net profit 10,845.00 € 6,947.00 €
Equity ratio 27.48% -
Project description
Documents
Payment schedule
Since 2023, the project owner has been managing a livestock farm in Utena district.

The farmer has expanded the agricultural land to 60.09 ha, of which 0.12 ha is owned personally. In the most fertile areas, crops are grown for cattle feed – this year wheat, barley, and triticale – and a herd of 20 beef cattle is being raised.

The farmer uses her own machinery for agricultural work: a tractor, baler, seeder, and other implements.

The project owner has currently received NMA support, which will be used for the acquisition of equipment intended to improve animal welfare, and on this basis has applied to Insoil for a loan. To secure the loan, she plans to pledge the newly purchased equipment and obtain her spouse's guarantee.

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.