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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.
LT0000207
| 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 expansion of a mixed farm. The farmer who has been engaged in agriculture since 2004 is currently developing a 125-hectare farm in Kretinga district. Winter and spring wheat, barley, peas, and winter triticale are grown here. There are also 30 dairy cows on the farm and 24 units of offspring. The farm's technical fleet consists of a combine harvester, four tractors, a round baler, a spreader, and other necessary equipment.
Now the farmer is still looking for opportunities to further expand the crop area. With this project, the farmer is borrowing for an initial installment of 6 hectares of land. In the near future, the businesswoman plans to rent another 10 ha of land.
Area of declared land: 125 hectares, from which 44 hectares are owned by the farmer.
Annual interest - 13,5%
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.