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.

LT0003311

Goal
19,800 €
Raised
19,800 €
100%
Return rate
10.5%
Rating
A
Period
36
Time left
LTV
90%
Country
Lithuania
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner
Address
Xxxxxx Xxxxxxxx Xxxxxxxxxxxx
Xxxų x. 4, Xxxėčėxxx, Xxxxxxxxx xxx., Xxxxxxx x. xxx.
header_1
Declared
Owned
Farming land162.03 ha32.00 ha
20242023
Revenue 176,539.00 € 125,411.00 €
Net profit 30,667.00 € -20,533.00 €
Equity ratio 2.44% -
Project description
Documents
Payment schedule
The farmer, who started his agricultural activity back in 1991, currently manages 162.03 hectares of land, of which 32 hectares are owned. The farm is primarily focused on crop production, cultivating wheat, as well as spring and winter rapeseed. In addition, there are plans to begin growing corn to further diversify production and strengthen resilience to market fluctuations.

The farm is equipped with a broad and modern fleet of agricultural machinery that ensures efficient operations: 7 tractors, 2 combine harvesters, 6 trailers, a germinator, cultivator, 2 sprayers, a straw baler, a rake-turner, and a seeder. The infrastructure also includes 2 grain warehouses, a grain dryer, mechanical workshops, and garages. One of the warehouses houses a straw pellet production line and a sawmill. Although pellet production is currently paused due to unfavorable market prices, the farmer plans to expand operations in the future by producing wood pellets.

It is also worth noting that the farmer’s daughter manages a separate farm, cultivating cereals, rapeseed, and raising beef cattle. Her farm covers 67 hectares, highlighting the family’s long-standing agricultural tradition and strong involvement in farming.

The farmer has also demonstrated a solid credit history: he has fully repaid one previous loan (LT0001982), during which investors received €7,537.44 in interest payments, and he is currently repaying an active loan (LT0002305) on time, without any delays. This underlines the farmer’s responsible approach to financial commitments and overall reliability.

The new loan will be used to increase working capital, ensuring smooth financing of ongoing operations, as well as the purchase of seeds, fertilizers, and other necessary inputs in preparation for the upcoming harvest season.

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.