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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.
LT0000283
| 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
Farmer's motto - less talk, more work! We have our hands, we are hardworking, we have a land, all we have to do now is use it all correctly, - says the farmer. Today, the farmer grows wheat, barley, and peas on his arable land. These crops were chosen not by chance, but because the grain sector is a strategic sector and one of the most important in the food chain, ensuring the supply of food to the country's population.
He uses 4 tractors and a harvester on his farm, also owes few plows, cultivator, and seed drill. Having quality and necessary equipment dramatically facilitates farm work and leaves some free time to consider other opportunities and development prospects.
The farmer applies for a working capital loan, which will be used for the purchase of small agricultural machinery.
Area of declared land: 22,91 hectares, from which 3,15 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.