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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.
LT0000323
| 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
Having started his agri-business in 2013, now the farmer cultivates a 20-hectare farm in Kelmė district. Half of the farm area is devoted to crops and the rest to meadows, where 13 beef cattle and 30 beef sheep graze. The project owner is farming with his wife - the total family's farm area is 30 hectares.
The farmer claims that the technical fleet is enough to satisfy the farm's needs - there are two tractors, two harvesters, an excavator, ploughs, a seed drill, and a cultivator used for the work.
After the end of the harvest season, the farmer takes the time to fix the machinery to ensure that everything will be ready for the next season. To implement his goal, the farmer is borrowing 8.000 €.
Annual interest - 13%
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.