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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.
LT0000282
| 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
Seeking her dream of owning a farm and believing in her contribution as a farmer to a healthier life, the young farmer started farming 6 years ago. Starting with 20 hens, today the farmer has increased the number of hens to 500. The farm also keeps 50 geese, breeds rabbits, 60 chickens, 2 beef cattle. The number of cattle is planned to increase further over time.
Naturally reared hens are fed without compound feed, and the farmer buys the feed from other smallholder farmers in order to show solidarity and support for local communities.
In addition, a variety of vegetables are grown on an area of 44 acres.
Demand for the farmer's products has led to larger projects. The farmer has her own 17sq.m. shop that sells its own and other farmers ’ goods. Currently, the warehouse area is being expanded to 150 sq.m. The small shop will turn into a store that will sell not only farmers' products but also other food, tobacco products, and alcohol, which will significantly increase income.
She owns a tractor, mowing equipment, and garden processing equipment for her daily activities.
The farmer is applying for a loan to fully implement the project of installing a new store in order to start selling more diverse products as soon as possible. In further plans, the farmer will apply for support according to the Young Farmers support program from the National Paying Agency.
Area of declared land: 9 hectares, from which 3 hectares are owned by the project owner.
Annual interest - 14,5%
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.