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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.
PL0002886
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 50.00 ha | 26.00 ha |
| 2023 | |
|---|---|
| Revenue | 133,125.28 € |
| Net profit | - |
| Equity ratio | - |
Documents
Payment schedule
The farmer has been farming since 1997, when he took over the farm from his parents. At the time of the takeover, the acreage was between 9 and 12 ha. Over the years, the farm has grown steadily - the farmer now owns 26 ha of land and rents an additional 24 ha, bringing the total area in agricultural use to 50 ha. The farm is run jointly with his wife, with no third parties or hired workers. The scope of activities includes both crop and livestock production. Crop production includes 16 ha potatoes , 17 ha maize and 17 ha wheat. Livestock production focuses on fattening animals; they currently have 16 head. Modern machinery is used in field work and provides a sound technical base for the farm. Among the most important machines are:
-Zetor Crystal 169 tractor 2005
-Hermes harrow 2010
-Bomet potato planter 2024
-Hardi 2500 L sprayer 2004
-Vogel Noot rotary plough 2010
-Gaspando 4-row corn seeder 2007
In the next 3-5 years, the owner plans to further develop the farm. The aim is to increase the area of land in use - both through purchase and lease - and to invest in the development of beef cattle breeding. He intends to continue his current business profile while increasing its scale.
The funds collected under this application are to be used to purchase fuel and plant protection products.
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.