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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.
LT0000284
| 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
Let's measure the solidity of a farmer not only by the number of hectares but also in terms of personality. After serving in the Lithuanian Armed Forces for 23 years, the man continued to dedicate himself to Lithuania and the well-being of the people. I really like farming. The experience gained in the army helps me evolve the farm in a disciplined, thoughtful, and responsible way - he said.
The organic farm is quite small, but the plans are big. Currently, the farmer grows the main crops on the leased 11, 26 hectares of land: barley, rye, rape, triticale, winter, spring wheat. Realizing these cereals is not difficult, so the farmer intends to cultivate these crops precisely.
A whole range of owned machinery is used for the work at the farm: 2 tractors, combine, sprayer, plow, 2 disc cultivators, leveler, seed drill.
In the nearest future (until the spring of 2022), it is planned to increase hectares by at least 2 times. Until now, the farmer, who has managed the farm alone, intends to have a hired agronomist who, after a proper assessment of the soil and the prospects of the farm, would present a plan for the development of the farm.
The farmer applies for a loan for seasonal sowing: certified grain, fertilizer, and other necessary tools to prepare for winter sowing.
Area of declared land: 11,26 hectares
Annual interest
- Fixed annual rate 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.