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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.
LT0000360
| 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
In the family, the tradition of farming began with the grandfather. The project owner himself has been farming since 2014 when he decided to separate from his parents' farm and start organic farming.
The businessman now declares over 200 hectares of land, mainly oats, buckwheat, and wheat are grown on the land. Typically, about half of our production is exported to foreign markets, where is a higher demand for organic raw materials. Only farmer’s family is working on the farm, and no extra people are hired. As the businessman himself says, when you love your job, long hours are easy. Because of this approach, the farmer is constantly looking for development opportunities and has invested heavily in agricultural machinery to increase productivity.
According to him, the oldest heavy equipment and implements in the technical fleet are made in 2016. The farm uses a combine harvester, two tractors, some smaller equipment.
The businessman now needed a more powerful tractor than the existing Case IH 185. As a result, the farmer plans to sell the old tractor and buy a more powerful one from the same manufacturer.
Annual interest - 14%
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.