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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.
BG0000346
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
An ambitious farmer started his farming activities in 2008 when he established an agricultural company Toplikos, EOOD. Since then he grows perennials in the area of 5,7 ha and cucumbers with lettuce in the plot of 1,2 ha. The company has recently built a modern greenhouse for vegetables, which meets the requirements of the European Union.
The company is heavily focusing on increasing the efficiency of production. In the last year, the company produced over 400 tons of vegetables and the production level is expected to grow annually. The company is closely cooperating with big brands and selling its products to well-known companies like Metro, Lidl, Kaufland, and many smaller retailers in the Black Sea region. Toplikos, EOOD provides vegetables to hotels and restaurants as well.
The company currently heavily invests in the modernization of the farm - it has recently bought new machinery and now the farm’s technical fleet consists of a tractor, a mounted disc harrow, a diverted disc harrow, a mounted cultivator, and a plough. Due to huge investments to modernize the farm and the greenhouse, the company experienced losses in 2020 and 2019. However, the investments made should pay off in the upcoming periods, since the increased production will help to increase the revenue.
Now the company needs additional working capital to purchase seeds and fertilizers before the upcoming season.
Annual interest - 13,5%
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.