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.

LV0001374

Goal
14,800 €
Raised
14,800 €
100%
Return rate
15.5%
Rating
B
Period
36
Time left
LTV
-
Country
Latvia
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
XXX Xxžx Xxxxxxx, Xxxxxx Šxxčxxx
Xīxx, Xxxxxx xxxx 19 - 62, XX-105
header_1 Declared Owned
Farming land0.00 ha0.00 ha
20222021
Revenue 534,759.00 € 4,789.00 €
Net profit 118,422.00 € -1,308.00 €
Equity ratio 97.55% -
Project description
Documents
Payment schedule

Latvia-based Meža Pērkons provides forest maintenance services such as logging and planting. The company started its operations in the beginning of 2021 and was able to realise the full year of revenue in 2022.

Thanks to the contracts with three large Latvian forestry companies secured in 2022, Meža Pērkons managed to increase its revenue to over 500K EUR in a year.


It is run by the company's owner and three employees. As the summer season starts and the workload increases, it is planned to hire additional staff.
The company has its own mini-tractor and saws needed to carry out the essential work.

For its first project on the platform, Meža Pērkons is seeking a loan of EUR 14 800 in order to purchase a trailer and a chainsaw.

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.