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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.
LT0000314
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
The agri-businessman, who has been running his livestock farm for fifteen years, is currently looking for additional funding for the purchase of cattle feed. Currently, 18 cattle are grazing on the farm, some of which are dairy cows, and the rest - beef cattle.
The farmer is happy about rising milk prices, which allow the farm to earn more income this year. Now to prepare for the cold season, the farmer is willing to purchase enough feed for cattle. The businessman cooperates with the agricultural cooperative "Dobilas" for the purchase of fodder.
The project owner does not have his heavy equipment, therefore he borrows from a neighbor when it is necessary. "I maintain friendly relations with neighboring farms, therefore when some of us need help, we can rely on the neighbors." claims the farmer.
In the future, the businessman plans to expand the cattle herd and buy at least a few additional dairy cows.
Area of declared land: 10,4 hectares owned by the project owner.
Annual interest - 12,5%
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.