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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.
LT0000192
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Sole accountability
This loan is secured by sole accountability from the project owner. Read more about this security measure here.
About the project
With this project, we invite you to invest in the development of a mixed farm. 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.
Recently, the farmer borrowed 272.000 € for a new combine harvester. Now the businessman is borrowing 10.000 € to cover some seasonal costs.
Area of declared land: 232,72 hectares, from which 20 hectares are owned by the farmer.
Annual interest - 12%
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.