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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.
LT0000263
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
While investing in this project, you will contribute to the farter development of the Lithuanian dairy farm. The purpose of the project is to supplement working capital. The loan will be secured by a pledge of 10 hectares of land with buildings.
The farmer has been engaged in agriculture activities since 2015 and now he manages a 117,15 ha farm in the Plungė district. The 400 cattle are grown on the farm - 150 dairy cows, 100 heifers, and the rest is the offspring and bulls. The farmer is constantly looking for ways to increase the number of cattle and expand the available land area. The successful farm's activity did not go unnoticed - last year the farm received the 2nd place award as one of the fastest-growing dairy farms.
The current farm's fleet consists of three tractors, a plough, forage preparation equipment, and other necessary implements to keep the farm efficient.
The farmer is constantly looking for various projects to expand the farm's technical fleet, therefore he is currently borrowing 16.000 €, which will be used to purchase new equipment with the already received National Paying Agency support.
Area of declared land: 117,15 hectares, from which 40 hectares are owned by the farmer.
Annual interest
- Investing from 100 € - interest 9,0%
- Investing from 500 € - interest 9,8%
- Investing from 1.000 € - interest 10,5%
- Investing from 2.000 € - interest 10,7%
- Investing from 5.000 € - interest 11,0%
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.