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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.
LT0000213
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
With this project, we invite you to invest in the development of a mixed farm technical fleet. The businessman, who has been working in the agriculture sector for three years, currently owns 31.84 hectares of land in the Lazdijai district. Currently, 10 beef cattle and 10 dairy heifers are raised here, which should produce milk from next year. Half of the farm area is dedicated to crops - wheat, barley, and triticale are grown here.
Now the farmer is more focused on grain production, therefore to ensure a successful harvest, he is planning to acquire a combine harvester. To implement this purpose, the farmer is borrowing 15.890 €. The farm also uses two tractors, a mower, a rake, a round baler, and a cultivator.
Area of declared land: 31,84 hectares, from which 2 hectares are owned by the farmer.
Annual interest:
- Investing from 100 € - interest 12%
- Investing from 500 € - interest 12,8%
- Investing from 1.000 € - interest 13,5%
- Investing from 2.000 € - interest 13,7%
- Investing from 5.000 € - interest 14%
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.