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.

LT0003193

Goal
16,000 €
Raised
16,000 €
100%
Return rate
13%
Rating
A+
Period
36
Time left
LTV
-
Country
Lithuania
Loan purpose
Refinancing
Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxxxxx Xxxxxxx
Xxxxxxxų x 5X, 90486, Xėxšxų xx Xxxxxėx xxx.
header_1 Declared Owned
Farming land14.04 ha14.04 ha
20242023
Revenue 29,332.50 € 33,052.59 €
Net profit - -
Equity ratio - -
Project description
Documents
Payment schedule
General Information
The farm was registered in 2023 in the Plungė District and declares 14 hectares of fully privately owned land.

Farm Activities
The farm cultivates grain crops such as wheat, rapeseed, and spring and winter barley, employing sustainable farming practices.

Financials and Loan History
The farm holds one active loan with InSoil, with an outstanding balance of €13,500. The loan was initially used for land acquisition.

Loan Refinancing Request
Due to poor weather conditions and low crop prices, the farm requests refinancing of the existing loan with a rescheduled payment plan to avoid delays and maintain financial stability.

Summary
This young farm fully owns its land and actively utilizes InSoil financing opportunities while maintaining responsible financial management. The refinancing request demonstrates a commitment to securing long-term stability and successful operation even under challenging market conditions.

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.