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.

LT0003743

Goal
13,000 €
Raised
13,000 €
100%
Return rate
12%
Rating
A+
Period
24
Time left
LTV
-
Country
Lithuania
Loan purpose
Equipment purchase
Business information
Security measures
Loan history
Project owner
Address
Xxxxxxxxx Xxxxxxxxšxxx
Xxxxxxxxx, Xxxxxxšxėx, Xxxxxų xxx. Xxxxxxšxėx Xxxxx x 43
header_1
Declared
Owned
Farming land14.99 ha8.20 ha
20252024
Revenue 37,055.10 € 30,577.48 €
Net profit 0.00 € 0.00 €
Equity ratio 0% -
Project description
Documents
Payment schedule
Project Summary
The project belongs to a mixed crop and vegetable farm operating in the Prienai district since 2018. The farm grows both cereal crops and vegetables. The requested financing is intended to complete the investments planned under an NMA small farm support project and to acquire the remaining two agricultural implements.

Farm Overview
The farm was established in 2018 in the Prienai district. It currently declares nearly 15 hectares of agricultural land, of which 8 hectares are owned. The farm carries out both crop and vegetable production activities.

Operating Model and Diversification
The farm grows cereal crops including rye, oats, and wheat, as well as vegetables such as pumpkins and potatoes. Cultivating several different crops provides diversification between cereal production and vegetable farming.

Investment Project
The farm has received support under an NMA small farm programme and is investing in various agricultural machinery and implements. Part of the project has already been implemented using the farmer’s own funds. For the remaining stage, the farm plans to purchase a fertilizer spreader and a plough to be used for soil preparation related to vegetable production.

Financing Purpose
The total value of the remaining equipment investment is approximately EUR 33,000. The farmer is financing part of the investment from own funds, while the requested loan will cover the remaining amount required to complete the project.

Conclusion
The project represents a diversified crop and vegetable farm with an owned land base and an investment project supported by NMA. Part of the investment has already been completed using the farmer’s own funds, while the requested financing is intended to acquire the remaining two implements and complete the project.

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.