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Agriculture loan
+State guarantee
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.
LT0000245
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Individual guarantee
The farmer got granted an individual guarantee of 80% provided by a governmental development institution Agricultural Credit Guarantee Fund. Individual guarantee means that in case of a default, the Fund pays the difference between the unpaid credit amount or any portion thereof, and the income received by the credit institution from the exaction. Please read more about individual guarantees and benefits this scheme provides for investors in our news section.
About the project
We invite you to invest in the development of an organic farm. The farmer, who has been engaged in agricultural activities for a decade, currently owns a 264,84 hectares farm in the Klaipėda district. In the long run, by acquiring more land plots, the farmer plans to expand the territory to 300 hectares. Organic products are grown on the farm: buckwheat, wheat, rye, oats, and other crops. About half of the farm area is covered by meadows, where 80 cattle graze, of which 33 are cows.
The project owner is actively involved in various projects that help to expand and modernize the farm. Currently implemented projects: "Settlement of young farmers", "Transition to non-agricultural activities", during which the farm started to produce biofuels, and the "Modernization of the farm" - modernization of livestock farming, purchase of a milking robot. The monitoring period for this project ends at the beginning of 2023.
Now the farmer is planning to acquire 2.4807 hectares of land with a farm. The building will be used to store the farm's technical equipment as well as store the grain harvest, which is sold at the best purchase prices.
Part of the building to be purchased - 450 sq.m. (out of a total area of 3577.93 sq. m.) will be leased to an agricultural cooperative, which will process the milk in the installed milk processing workshop. This will allow the farm to earn an additional monthly income. Now the farm is earning additional income by providing agricultural services such as plowing, sowing, harrowing to other farms.
Area of declared land: 264,84 hectares, from which 73 hectares are owned by the project owner.
Annual interest
- Investing from 100 € - interest 7,9%
- Investing from 500 € - interest 8,5%
- Investing from 1.000 € - interest 8,8%
- Investing from 2.000 € - interest 8,9%
- Investing from 5.000 € - interest 9,0%
- Investing from 10.000 € - interest 9,1%
- Investing from 20.000 € - interest 9,3%
- Investing from 30.000 € - interest 9,6%
- Investing from 40.000 € - interest 10,3%
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.