Create an account to make your first investment in only few steps!
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.
LT0000170
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Individual guarantee
The farmer got granted an individual guarantee of 50% provided by a governmental development institution Agricultural Credit Guarantee Fund. Individual guarantee means that in case of a default, the Fund pays the difference between the unpaid credit amount or any portion thereof, and the income received by the credit institution from the exaction. Please read more about individual guarantees and benefits this scheme provides for investors in our news section.
About the project
With this project, we invite you to invest in the development of a mixed farm. The project is for the purchase of the new CLAAS LEXION 6800 combine harvester. The loan will be secured by a pledge of the purchased combine and a 50% individual state guarantee.
The farmer has been engaged in agricultural activities since 2014 and now he manages 232,72 hectares of the mixed farm in Alytus district. 87% of farm income comes from the sale of grain and the rest from milk production and the sale of cattle. The businessman is expanding his farm every year, therefore this year he plans to expand the area of arable land by 100 hectares, as well as double the number of cows - there are currently about 40 of them on the farm.
To develop and expand the potential of the farm's activities, the businessman participated in the Lithuanian Rural Development Program "Support for Investments in Agricultural Holdings" and purchased a tractor, a spreader, a sprayer, and a plough.
The farmer continues to expand the farm's fleet by acquiring a combine harvester.
Equipment seller: Baltic Agro Machinery, UAB
Area of declared land: 232,72 hectares, from which 20 hectares are owned by the farmer.
Annual interest
- Investing from 100 € - interest 10,0%
- Investing from 500 € - interest 10,5%
- Investing from 1.000 € - interest 10,6%
- Investing from 2.000 € - interest 10,8%
- Investing from 5.000 € - interest 10,9%
- Investing from 10.000 € - interest 11,0%
- Investing from 20.000 € - interest 11,1%
- Investing from 30.000 € - interest 11,3%
- Investing from 40.000 € - interest 11,7%
- Investing from 50.000 € - interest 12,5%
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.