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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.
LT0000287
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
The main farmer's activity is the cultivation of traditional grains: wheat, rape, barley, and wheat have so far given good results. Although work in agriculture makes it difficult to organize due to its seasonality, and income is received only after the harvest realization the farming entrepreneur demonstrates a good farm management model.
Strives to maintain the existing farm without allowing it to incur losses, invests, and consistently grows volumes.
In addition, the farmer keeps 25 beef cattle. Beef cattle breeding is one of the most promising and advanced branches of agriculture in Lithuania, so a farmer who has expanded his farm in time is already counting the future benefits of the activity.
In order to grow full-fledged products and get high yields, you need a variety of equipment that is used only during a certain season: seed drill, combine, plow, sprayers, cultivators, etc. Necessary infrastructure as roads, warehouses for storage of products, storage of fertilizers, also labor. The farmer has developed already all infrastructure, but upgraded machinery is a priority for the next investments.
The farmer is applying for a loan for a new tractor that will help him do farm work faster and more profitably.
Area of declared land: 42.5 hectares, from which ~ 7 hectares are owned by the project owner
Annual interest
- Investing from 100 € - interest 11,10 %
- Investing from 500 € - interest 11,80 %
- Investing from 1.000 € - interest 12,10 %
- Investing from 2.000 € - interest 12,60 %
- Investing from 5.000 € - interest 12,80 %
- Investing from 10.000 € - interest 13,20 %
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.