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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.
LT0000342
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | - | - |
| 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
The businesswoman, who has been farming for almost a decade, cultivates a 15-hectare mixed farm in the Druskininkai district. Crops are sown on eight hectares of the farm’s territory, 0,3 hectares are planted with potatoes, and the rest of the farm is used for pastures where 20 sheep graze. The farmer also keeps ten hens and three families of bees.
The farm’s technical fleet consists of two tractors, other smaller equipment, and if necessary, the project owner borrows and rents additional machinery. Now the businesswoman is planning to buy a truck that will make grain transportation more efficient. The farmer has already paid part of the fee for the machinery, therefore she is now borrowing to cover the final expenditure.
An active woman not only takes care of her farm but also works as a nurse. The woman claims that she has no difficulties combining both activities since her son is helping her with the farm work.
Area of declared land: 25,94 hectares according to the crops declaration. The farmer has sold some plots recently, so currently she manages 15 hectares of farmland, from which 7 hectares are owned by her.
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.