Create an account to make your first investment in only few steps!
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.
LV0000726
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 2.81 ha | 2.81 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 31,287.00 € | 23,625.00 € |
| Net profit | 7,489.00 € | -1,655.00 € |
| Equity ratio | 34.39% | - |
Documents
Payment schedule
About the project
Started the business in Dec 2017, SIA "Inviss" is currently managing 2,81 ha of land, in which everything is owned. The main activity is the cultivation of organic blackcurrants.
At the moment, only one small garden tractor is available to mow among the blackcurrant bushes while the rest of the work is done by hand. There is one worker who is employed all year round and of course the owner himself. Additional 4-5 employees are required for seasonal work. With the purchase of a given tractor with a hollow weed, seasonal workers will no longer be needed and all work can be done by the owner with one worker. Of course, it is planned to expand and lease additional land. The company also carries out technical examinations and annual inspections of a wide range of equipment, from cable cars to elevators.
The company will repay 11 000 € from the subsidies that will be received in Nov 2022. This will result in the decrease of LTV to 36,88% within 6 months.
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.