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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.
PL0002809
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 107.00 ha | 50.00 ha |
| 2024 | 2023 | |
|---|---|---|
| Revenue | 172,844.96 € | 114,013.52 € |
| Net profit | - | - |
| Equity ratio | - | - |
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Payment schedule
The farmer has been farming since 1984, having taken over 7 ha from his parents. He has now increased the farm to 107 ha, including 57 tenancies. On the farm he is involved in crop production. The farmer operates a sowing structure of 30 ha rape, 70 ha wheat and 7 ha maize.
On the farm he uses machinery such as:
- JON DEER tractor 8130 2009
- Maschio Gaspardo ATTILA subsoiler chisel plough 2019
- Lemken kverneland 7
-blade plough 2018
-New Holland T 165S tractor 2017
-2 trailers d47 1989
Farmer in the next 5 years. Plans to buy land of 10 ha to expand the farm to 117 ha. To erect an additional garage for machinery and grain. The money is to be used for current needs.
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.