Create an account to make your first investment in only few steps!
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.
LT0000357
| 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
With this project, we invite you to invest in the renewal of agricultural equipment. Since 2004, the agribusinessman has been building the farm on his own and now manages over 180 hectares in the Šakiai district. Prior to that, the project owner gained the neccesary farming knowlegde and skills from his parents and took over the family farm when they retired. Rapeseed and grains are currently cultivated here, and the farmer plans to plant vegetables from next season.
"I aim to enhance the diversity of cultivated crops to reduce the risk of adverse weather. So far I have only grown crops , but I plan to start planting vegetables next year, and if the initiative succeeds, I am going to expand the vegetable area", - claims the farmer.
The project owner is now looking for the financing to upgrade and repair the parts of the two tractors in order to prepare them for the following season.
The farm's current equipment fleet consists of a combine harvester, two tractors, a telescopic loader and a truck.
Area of declared land: 184,12 hectares, from which 50 hectares are 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.