Agriculture loan +State guarantee

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.

LT0000091

Goal
13,880 €
Raised
13,880 €
100%
Return rate
From 7.4%
Rating
A+
Period
35
Time left
LTV
84%
Country
Lithuania
Loan purpose
Equipment purchase
Business information
Security measures
Loan history
Project owner Address
Xxxxė Xxxxxxxxxė
header_1 Declared Owned
Dirbama žemė--
Revenue
Net profit
Equity ratio
Project description
Documents
Payment schedule

Individual guarantee

The farmer got granted an individual guarantee of 80% provided by a governmental development institution Agricultural Credit Guarantee Fund. Please read more about individual guarantees and benefits this scheme provides for investors in our news section.

About the project

The businesswoman has established a dairy farm more than two decades ago in Kaunas district, Lithuania. Currently, she declares 28 hectares of land, where she grows 26 dairy cows and 65 farm animals in total.

To take care of all daily operations, she already has two tractors, a mower, and some smaller agricultural equipment items. Now, the farmer is purchasing new double rotary rakes „Enorossi Enoduo 780“ for 16.335€ including VAT. 

Besides, the businesswoman together with her son has more steps planned to expand the farm. She expects to declare 48 hectares of farming land this year and increase the number of farm animal to 100 in a foreseeable future.

Interest:

Investing from 100 € - interest 7,4%

Investing from 500 € - interest 8,1%

Investing from 1.000 € - interest 8,7%

Investing from 2.000 € - interest 9,3%

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.