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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.
PL0002823
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 118.00 ha | 118.00 ha |
| 2024 | 2023 | |
|---|---|---|
| Revenue | 422,873.31 € | 738,827.27 € |
| Net profit | - | - |
| Equity ratio | - | - |
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Pick one of the suggested or type in your own amount to see interest rate and preliminary earnings. 13.3%
141.86 €
Documents
Payment schedule
The farmer has been running the farm since 2014, when she set it up herself, since then she has expanded her farm to 118ha ha, of which she owns all of it. On the farm she is engaged in orchard production. She works independently and seasonally employs workers. Her planting structure consists of 97ha of apple trees and 20ha of cherry trees.
Her husband runs a company that rents agricultural machinery and provides services, for which she does not yet own machinery.
In the next 3 years, the farmer plans to get rid of part of the acreage with apple trees, due to the age of the trees they need to get rid of, and has plans to plant cherries there.
The loan is to be used to refinance other liabilities.
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.