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Agriculture loan
+State guarantee
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.
LT0000361
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Individual guarantee
The farmer got granted an individual guarantee of 80% provided by a governmental development institution Agricultural Credit Guarantee Fund. Individual guarantee means that in case of a default, the Fund pays the difference between the unpaid credit amount or any portion thereof, and the income received by the credit institution from the exaction. Please read more about individual guarantees and benefits this scheme provides for investors in our news section.
About the project
Since 2015, the project owner has been actively farming in the dairy industry, and since 2020, he has started raising beef cattle. In total, there is a herd of 34 cattle on the farm located in the Šilalė district. Part of the farm is also covered by crops, with maize being cultivated on 11.7 hectares.
From the very beginning of farming, the project owner has been involved in various projects to expand and strengthen the existing farm. The businessman managed to implement the young farmer's project and participate in two farm modernization projects.
Following its successful implementation, the farm equipment fleet has grown and now the farmer owns two tractors, mowing, and tillage equipment. The farm currently lacks a round baler, so the farmer, after receiving an individual state guarantee borrows 69.440 € to purchase a piece of new heavy equipment.
The businessman intends to expand his herd and purchase the leased land in the future.
Equipment seller: Lytagra, AB
Area of declared land: 50,78 hectares, from which 11,51 hectares are owned by the project owner
Annual interest
- Investing from 100 € - interest 9,2%
- Investing from 500 € - interest 9,9%
- Investing from 1.000 € - interest 10,2%
- Investing from 2.000 € - interest 10,5%
- Investing from 5.000 € - interest 10,7%
- Investing from 10.000 € - interest 10,9%
- Investing from 20.000 € - interest 11,4%
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.