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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.
LT0000403
| 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 farmer, who has taken over the knowledge about the development of the farm from her father, is currently managing a 39.23-hectare owned farm in Jurbarkas area. The total family farm area is 150 hectares. 45 dairy cows are grown on the farm's astures, as well as a portion of the land is dedicated for crops - maize and clover for cattle fodder, and wheat for sale.
The farmer borrows some of the neccesary equipment from her father, but has already purchased her own equipment, rollers and a semi-trailer, under the Young Farmer Support Program.
The young agri-entrepreneur plans to expand the farm and improve her technical fleet in order to increase the farm's productivity. The project owner is planning to apply to the National Paying Agency for support for purchasing two tractors, a cultivator, and a baler. For now, the farmer is borrowing to increase the farm's working capital.
In addition to investing in machinery, the farmer also plans to expand the farmland and increase the number of cattle kept.
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.