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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.
LT0000370
| 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
The project's owner, who has been farming for over 15 years, now manages a 110-hectare mixed farm in the Kaišiadoriai district. The most fertile land is dedicated for crops such as wheat, rapeseed, and oats, while the rest is pastures for beef cattle. The farmer runs her agribusiness with the help of her husband. The family farm has a total land area of 270 hectares.
The businesswoman uses her equipment to do all of the farm work - two tractors, grain transportation equipment, and smaller implements are used on the farm.
The farmer is actively focusing on the expansion of the farm territory and the cattle herd - the farmer is currently borrowing to purchase a 3-hectare plot and plans to increase the beef cow herd to 100 cattle shortly.
Area of declared land: 110,55 hectares, from which 23,87 hectares are owned by the project owner
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.