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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.
LV0000274
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
By investing in this project, you will contribute to the expansion of SIA EGLONA, a Latvian capital company that has been engaged in agriculture and forestry for almost three decades.
The range of the company's activities is diverse - rye, buckwheat, beans, oats are grown on the farm area, as well as 70 beef cattle graze on the farm's meadows, and 10 hectares of the area are covered by forest. The total farm territory covers 177 hectares.
The company is fully equipped with the necessary technical fleet, which consists of two tractors, a wheeled and telescopic loader, a combine harvester, two grain transport trailers, hay processing equipment, and a trailer for wood transportation. The company also has two grain storage hangars for 1500 tons of grain storage.
Having all the necessary technical units, now SIA EGLONA is borrowing for the expansion of the farm territory. The company plans to acquire a total of 22 hectares - 10 will be used for agricultural activities, and the remaining - for the expansion of forestry area. To achieve this goal, the company borrows 98.000 €. The part of the loan will be used to increase the company's working capital. The loan will be secured by a pledge of a combine harvester, a tractor, a loader, and a 6.3-hectare plot.
Area of declared land: 177 hectares, from which 100 hectares are owned by the project owner.
Annual interest
- Investing from 100 € - interest 11,3%
- Investing from 500 € - interest 11,9%
- Investing from 1.000 € - interest 12,2%
- Investing from 2.000 € - interest 12,4%
- Investing from 5.000 € - interest 12,7%
- Investing from 10.000 € - interest 12,9%
- Investing from 20.000 € - interest 13,2%
- Investing from 30.000 € - interest 13,6%
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.