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.
PL0001421
Project owner | Address |
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header_1 | Declared | Owned |
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Farming land | 1.57 ha | 1.57 ha |
2022 | 2021 | |
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Revenue | 78,717.00 € | 31,917.00 € |
Net profit | - | - |
Equity ratio | - | - |
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The farmer independently established the farm in 2005 and has since been engaged in crop farming, while in 2019 he changed the profile of his farm to snail farming. He owns 1.57ha of land in the property, where he has snail reproduction buildings and a snail park.
He runs the farm on his own on a daily basis but employs about 10 seasonal workers in the spring and fall. He sells about 6,000,000 freshly hatched snails and 15 tons of adult snails annually. It has contracts with private restaurants, processors and brokers in France and Italy. The farmer plans to increase his production to 25 tons of adult snails this year. In 2-3 years, the farmer plans to start producing snail caviar.
He is currently already preparing a laboratory to develop a process for caviar production. One of his current customers has pledged to buy 50 kilograms of caviar per month, and the farmer sees this as an excellent opportunity to turn the farm into caviar production on a larger scale.
At the moment, the farmer needs funds to finish preparations in the lab and to convert snail reproduction tables to increase production to 25 tons of adult snails per year.
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.