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.

LT0003705

Goal
25,500 €
Raised
17,878 €
70%
Return rate
13%
Rating
B+
Period
60
Time left
LTV
72%
Country
Lithuania
Loan purpose
Equipment purchase
Business information
Security measures
Loan history
Project owner
Address
Xxxxxx Xxxxxx Xxxxxxx
Xxxxxxxxx, Xxėxxx, Šxxxxėx Xxxxxxx Xxėxų Xxxxxx
header_1
Declared
Owned
Farming land16.90 ha2.25 ha
20252024
Revenue 34,514.95 € 32,887.68 €
Net profit 0.00 € 0.00 €
Equity ratio 0% -

Investment calculator

Pick one of the suggested or type in your own amount to see interest rate and preliminary earnings.
Interest

13%

Preliminary earnings

0.00 €

Important:
The calculator provided is preliminary and the projected earnings are determined based on the preliminary principal repayment schedule.
Interest rates:
Investing from 100 € - 13%
Project description
Documents
Payment schedule
The farmer has been operating since 2019 in Šilutė district. The farm is mixed – it carries out crop farming and beef cattle farming activities. The farm grows various grain crops, using crop rotation, and winter wheat is currently sown. The farm also keeps about 30 beef cattle.

The farmer currently declares 16.90 ha of agricultural land, of which 2.25 ha belongs to him by ownership right. In addition, the farmer is currently acquiring approximately 3 ha more of agricultural land, thereby increasing the share of land he owns. In the future, it is planned to further increase the total cultivated land area and expand the farm's operations.

The farmer has the main agricultural machinery needed for farm operations; however, the tractor used until now has completely broken down, so at present he has to use a rented tractor to carry out seasonal work. For this reason, the client is applying for financing to purchase a newer tractor. The loan funds are planned to be used to purchase a 2011-model "John Deere 6430" tractor, which will be used directly in the farm's day-to-day operations.

The client has been cooperating with "InSoil" since 2022. Over the course of the cooperation, the client has been granted three loans, all of which have been fully repaid. The client's credit history is impeccable, with no overdue or unfulfilled obligations recorded.

As collateral for the loan, the 2011 "John Deere 6430" tractor purchased with the financing funds will be pledged, and in addition, the 2.25 ha plot of agricultural land owned by the farmer will also be pledged.

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.