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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.
LT0000316
| 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.
Purpose of the loan
The purchase of a grain harvester and cultivator to improve tillage.
About the project
An agri-entrepreneur who has been cultivating a crop farm for more than a decade in Alytus district, Lithuania. The project owner started farming at his brother's encouragement - now two farmers manage together in a total of 60 hectares of farmland.
The farmer is now planning to upgrade his machinery before the upcoming season - the farm needs a more powerful combine harvester and a cultivator. The farmer states that better equipment will reduce fuel emissions and improve the overall tillage process. The current farm equipment consists of a tractor, a combine harvester, a grain truck, a drill, and discs.
Area of declared land: 22.78 ha are leased from the State. The lease agreement is signed for 25 years ahead.
Annual interest - 13,5%
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.