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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.
LT0000387
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
The farmer, who has been farming since 2003, now manages over 130 hectares of crop fields. Rapeseed, beans, peas, and wheat are cultivated in the Vilkaviškis region, Lithuania. The farmer collaborates with other relatives, who are also farmer, thus the total family farm area is around 300 hectares.
Owned heav quipment like a tractor and trailers are used for all agricultural works, and some machinery is shared by the family members in order to realize the full technical fleet capacity.
The farmer is now borrowing to expand crop area and purchase additional 5 hectares of land. A pledge of the tractor will be used to secure the loan.
The project owner is currently planning to apply the transition to no-till farming in order to implement more organic farming principles in his activities. This technique guarantees that no subsoil is lifted to the surface during tillage, helping to preserve processes in the soil.
Area of declared land: 131,95 hectares, from which 25 hectares are owned by the project owner
Annual interest
- Investing from 100 € - interest 9,6%
- Investing from 500 € - interest 10,3%
- Investing from 1.000 € - interest 10,6%
- Investing from 2.000 € - interest 11,1%
- Investing from 5.000 € - interest 11,3%
- Investing from 10.000 € - interest 11,7%
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.