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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.
LT0000171
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
This project is dedicated to the development of the farm's technical fleet. The project is for the purchase of a new drill. The loan will be secured by a pledge of the purchased equipment and a 7,11 hectares plot of arable land.
The farmer, who has been actively engaged in the agriculture sector for ten years, manages a 193.53 ha crop farm in Vilkaviškis district. Starting with a 30-hectare farm, the businesswoman is constantly looking for opportunities to expand the farmland. Rapeseed and wheat are grown on the farm. The farm's technical fleet consists of two tractors, a combine harvester, a cultivator, and other necessary equipment for harvest preparation. As the crop area increases, the farmer is borrowing 66.130 € for a new drill to increase the efficiency of sowing processes.
Equipment seller: AUDROKESTA, UAB
Area of declared land: 193,53 hectares, from which 40 hectares are owned by the farmer, 70 hectares are leased from the State, and the rest - from other farmers.
Annual interest
- Investing from 100 € - interest 10,7%
- Investing from 500 € - interest 11,4%
- Investing from 1.000 € - interest 11,7%
- Investing from 2.000 € - interest 12%
- Investing from 5.000 € - interest 12,2%
- Investing from 10.000 € - interest 12,4%
- Investing from 20.000 € - interest 12,9%
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.