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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.
PL0000815
Project owner | Address |
|---|---|
header_1 | Declared | Owned |
|---|---|---|
| Farming land | 28.50 ha | 7.50 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 11,155.00 € | 29,147.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
The farmer runs his business since 2003 after inheriting it from his parents-in-law. The main focus of the farm is dairy cows and grain. He grows triticale, wheat, barley, and maize and for a few years, he has also been dealing with strawberries.
His farm has 28,5 ha of which 7,5 ha is his property. He runs the farm together with his wife and sometimes with the help of his adult son. On the farm, he uses many machines such as Ursus c330 tractor, Kubota m9960, aggregates, and seeders.
The farmer's plan for this year is to increase the number of dairy cows, of which he currently owns over a dozen, so he borrows funds to increase his herd and to buy fertilizers.
In 2021, revenue dropped more than 50% from the previous year due to drought. The farmer did not sell as much grain as usual, and this was compounded by the calving of cows and less milk.
The revenue for 2021 consists of 4 456 € in subsidies.
The revenue for 2020 consists of 5 587 € in subsidies.
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.