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.

LT0000298

Goal
30,800 €
Raised
30,800 €
100%
Return rate
From 10%

Rating
A

Period
36

Time left

LTV
70%

Country
Lithuania

Loan purpose
Working capital

Business information
Security measures
Loan history
Project owner Address
Xxxxxxxx Xxxxxx
Xxxxxų x. 31, Xxxxxxšxxų x., Xėxxxxxų xxx.
header_1 Declared Owned
Dirbama žemė--
Revenue
Net profit
Equity ratio
Project description
Documents
Payment schedule

About the project

A family of farmers cultivates a vegetable farm in the Kėdainiai district. This year they are preparing for the fifteenth season of vegetable harvesting. Various vegetables are grown on an area of ​​47.17 hectares - onions, potatoes, cucumbers. 

The husband and his wife work on the farm together and hire five more seasonal workers during the more intensive time. The farm's technical fleet, consisting of four tractors and smaller necessary implements, also helps to maintain the farm's efficiency.

Vegetables grown on the farm reaches not only Lithuanian tables but are also exported to other European Union countries. "By having long-term contracts with buyers, we are sure that the harvested vegetables will reach the right consumers. We have been maintaining strong relationships with loyal customers over the years, therefore there is no need to look for new buyers and sign new contracts, ” the farmer assures.

Now the farm needs additional working capital, which will be used to cover harvesting costs.

The family of farmers is planning to modernize the equipment used by installing a watering system before the next season. This action would greatly facilitate the care of vegetables, especially onions.

Area of declared land: 47,17 hectares, from which 10 hectares are owned by the project owner

Annual interest

  • Investing from 100 € - interest 10,0%
  • Investing from 500 € - interest 10,8%
  • Investing from 1.000 € - interest 11,1%
  • Investing from 2.000 € - interest 11,6%
  • Investing from 5.000 € - interest 11,8%
  • Investing from 10.000 € - interest 12,2%

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.