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.
BG0002593
Project owner | Address |
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header_1 | Declared | Owned |
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Dirbama žemė | 48.05 ha | 10.00 ha |
2023 | 2022 | |
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Revenue | 61,761.27 € | 77,713.56 € |
Net profit | 12,782.29 € | 2,999.84 € |
Equity ratio | - | - |
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Nikolay and his brother are managing a family farm established in 2005. With 19 years of experience, they focus on crop production and animal husbandry.
Currently, they raise 57 cattle and cultivate 48.05 ha of arable land in the Montana region. They grow sunflower, triticale, maize, alfalfa, and pasture, primarily used for fodder production to sustain their livestock.
To prepare for the next season, the farmers require additional working capital to support their daily operations. Nikolay has demonstrated financial responsibility, maintaining an active loan secured by land with a balance of €23,906, while two previously uncollateralized loans have been fully repaid.
This loan will provide the necessary funding for the farm’s ongoing development and operational 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.