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Green loan
Green Loan is a type of financing that enables farmers to use the proceeds for projects contributing to the environment. For investors, Green Loans give an opportunity to indirectly contribute to the generation of high-quality soil carbon credits, which are later sold on the Voluntary Carbon Market and receive part of the proceeds from their sale.
-9,752,714 kg CO2e
LT0003233
Goal
87,300 €
Raised
62,970 €
Return rate 
12%
Rating
A
Period
60
Time left
LTV
90%
Country
Lithuania
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner | Address |
|---|---|
header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 343.03 ha | 240.35 ha |
| 2024 | 2023 | |
|---|---|---|
| Revenue | 285,698.00 € | 296,915.00 € |
| Net profit | 5,801.00 € | -58,485.00 € |
| Equity ratio | 52.36% | - |
Project description
Documents
Payment schedule
JOGVILAI, ŽŪB is a micro-enterprise registered in Ukmergė District Municipality and operating since 3 May 2011. Its core activity is the cultivation of cereals (excluding rice), legumes, and oilseed crops. The company is well-known in the region for its stable operations and more than a decade of accumulated agronomic experience.
Financial Results and Trends
2024:
• Revenue: €285,698
• Net profit: €5,801
• Equity ratio: 52.36%
2023:
• Revenue: €296,915
• Net profit: –€58,485
• Equity ratio: 55.90%
In 2024 the company returned to profitability following a loss in the previous year. Although revenue decreased by 3.8%, operational stability improved: the workforce remained at 5 employees, and the average salary – €1,841 – stayed unchanged, indicating consistent personnel policies.
Operations and Farm Overview
The company manages 343.03 ha of agricultural land, including 240.35 ha of owned land, forming a strong long-term asset base.
Crops grown:
• wheat
• oilseed rape
• beans
• peas
Production processes rely on no-till technology, which reduces fuel consumption, preserves soil structure, and supports sustainable yield development. The farm operates with structured crop cycles and modern agricultural practices accumulated over more than 20 years.
Machinery Base
The farm owns all essential machinery for independent production:
• a modern combine harvester
• 3 tractors
• no-till cultivation implements
• seeding, soil preparation, fertilising equipment, etc.
This ensures efficient field management and reduces dependency on outsourced services.
Purpose of the Loan
The financing is intended to support working capital needs.
Funds will be used for:
• fuel purchases
• machinery maintenance and repairs
• payments to suppliers
• labour costs
• seasonal agricultural expenses
Working capital financing enables stable operations despite the seasonality of agricultural income and long production cycles.
Collateral
The loan is secured by agricultural land mortgages and a personal guarantee of the director.
Pledged land assets:
• 9.9596 ha – €28,800
• 6.4977 ha – €17,900
• 6.3049 ha – €18,500
• 6.1843 ha – €15,100
• 6.1689 ha – €17,100
Total pledged collateral value: €97,400
Conclusion
JOGVILAI, ŽŪB is a well-established agricultural company with over 20 years of operational experience, a strong owned land base, modern machinery, and a stable production model.
Working capital financing will support efficient seasonal operations, timely supplier payments, and uninterrupted production until harvest realisation.
Main Terms
The principal will be repaid by the farmer in regular instalments over the span of 5 years in accordance with the repayment schedule.
305 hectares of land are included in the Green Loan program. It is estimated that a total of 2332 carbon certificates will be generated in 6 years (based on a conservative estimation). Consequently, investors will receive below indicated portion of sales proceeds from every carbon certificate generated from the land of the project owner involved in the program;
(1) 60% of income received during the loan period;
(2) 40% of income received for the following year after the loan period.
It is expected that the first carbon certificates will be generated and sold in the second quarter of 2026. The exact return will depend on the amount of sequestered CO2 levels and the sale price of the carbon certificates.
If the project owner (farmer) withdraws from the Carbon Credits Agreement and does not intend to follow the agreement on the carbon revenue split with investors, the project owner will be obliged to repay the entire loan as well as pay the penalty, calculated by multiplying the interest rate by the entire loan amount and period equal to the duration of the loan agreement plus 12 (twelve) months.
Investors of this loan would receive a penalty of 87300 EUR * 9,5% * 6 year = 49761 EUR. This penalty can be reduced by the return earned by investors from the carbon credits generated
If the project fails to be delivered successfully through no fault of the farmer, the farmer commits to paying investors a minimum interest rate of EURIBOR 6M + 1.5%. This commitment applies in situations such as the lack of market demand for selling carbon credits, among others.
Annualized return forecast
Conservative scenario (€20 per carbon certificate): 7,36% IRR*
Today's scenario (€35 per carbon certificate): 12,05% IRR*
Optimistic scenario (€100 per carbon certificate): 28,38% IRR*
Read more about the return scenarios in the document section
*The internal rate of return (IRR) is a metric used in financial analysis to estimate the profitability of potential investments. Learn more about it
Keep in mind that the return forecast is an estimation and does not guarantee you the returns mentioned above."
Project risks
Please note that investing in this project carries inherent risks, including the potential for the loss of profits and invested funds.
In the event that the Project Owner fails to fulfil their obligations, InSoil will take all necessary measures to safeguard the interests of investors and utilise the provided collateral. However, the Platform Operator does not guarantee the complete fulfilment of the Project Owner’s obligations.
There is also the possibility that carbon certificates may not be generated due to various reasons, such as the actions of Heavy Finance UAB, the project owner, or external factors.
Due to changes in market conditions, measurement methodologies and other factors, the price of carbon certificates is subject to change.