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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.
LT0000178
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
With this project, we invite you to invest in the development of a rapidly growing dairy farm. The working capital loan will be secured by a pledge of 5.4 ha of land.
The farmer started his farming activities in August 2019 with only two cows. Currently, he has 15 cows and a cheese factory, where various products are made from milk extracted from the farm. In the first half of 2021, the farmer has already sold homemade dairy products for more than 13.000 €. The farmer transports the produced dairy products to customers living in the surrounding areas.
Although the farm is only in its second year of operation, the businessman plans to expand the number of cows and acquire more land over the next three years.
The farm's heavy equipment fleet consists of a tractor, mowing equipment, fodder preparation equipment, and other implements. Now the farmer plans to buy a plough and additional equipment to support the cheese factory infrastructure, therefore he borrows 11.000 € to achieve this goal.
Area of declared land: 20,14 hectares, from which 5 hectares are owned by the farmer
Fixed annual interest rate - 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.