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.

LV0001302

Goal
10,723 €
Raised
10,723 €
100%
Return rate
13.5%
Rating
B+
Period
36
Time left
LTV
54%
Country
Latvia
Loan purpose
Equipment purchase
Business information
Security measures
Loan history
Project owner Address
Xxxxxxxxx Xxxxxxx, Xxxīxx Xxxxxxxxxx
Xxxxx xxx., Xxxxxāxxxx xxx., "Xxxxxxxxx", XX-5070
header_1 Declared Owned
Farming land50.00 ha10.00 ha
20222021
Revenue 190,052.00 € 159,469.00 €
Net profit 1,500.00 € 194.00 €
Equity ratio 48.7% -
Project description
Documents
Payment schedule
Hillfort Farm is a family owned wholesale business that started farming vegetables in year 2001. The company is managed by a father, Ervīns Lindemanis, and two sons - Aleksis and Roberts.

The farm is located in the heart of Latvia, which gives it a logistical advantage in both local and continental market, by lowering delivery time and carbon footprint. Currently Hillfort Farm has partnerships with dozens of shops, restaurants and vegetable wholesalers.

The farm manages 50 ha of land, of which 10 ha is owned by the family. The greenhouses on the farm are planted with tomatoes, cucumbers and peppers. Other plots of land produce cabbage, broccoli, cucumbers and pumpkins. The farm machinery fleet includes a tractor, sowing machines, a drill, and 6 vans for delivering vegetables to the trading points.

With its second project on the platform, the farm is seeking a loan of EUR 10 723 for the purchase of a sprayer and a soil cultivation disc. The loan will be secured by a mortgage on both equipment.
Current active loan number - LV0001286 with a balance of EUR 11 000.

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.