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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.
LT0000405
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | - | - |
| 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 owner, who has been running a family farm with his son since 2014, grows wheat, rapeseed and buckwheat in the area under long-term lease agreements. The farmer himself declares 30.93 hectares of land, while the total family farm extends over more than 100 hectares.
The farmer believes that this year's crops give hope that next season will be a success. The farmer, who is actively monitoring his finances, is now looking for fertilisers and other necessary chemicals. "Although I won't need fertiliser until spring, I want to buy it in advance due to the constantly rising prices of them," he says.
The project owner claims that the farm's machinery fleet includes all the equipment necessary for cultivation - a tractor, a combine harvester, a sprayer and other implements. Some of the equipment belongs to the project owner himself and some to his son.
Area of declared land: 30,93 ha rented under long-term contracts.
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.