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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.
LT0000415
| 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 owner actively monitors her farm's cash flow, so now she waits for grain prices to rise, as they do each year in the cold season, in order to sell harvest and earn more later. However, she needs to prepare for the next season now, so she is now borrowing 11.000 € to buy fertilisers.
The farmer, who began farming seven years ago, is actively focusing on expanding the farm's territory. The woman currently owns a 60,55-hectare crop farm in the Jonava area, where rapeseed, wheat, barley, beans, and peas are grown.
The businesswoman claims that the farm has enough essential equipment to meet all needs, so only her own equipment is used in the activity - a tractor, a combine harvester, a seed drill, and other necessary implements.
The project owner is constantly looking for opportunities to further expand the farm area but admits that it's not an easy task considering the fierce competition from neighboring farmers and a scarcity of land plots.
This is not the first project of the project owner on the platform - previously she borrowed 105.000 € to refinance a loan on better terms. The loan was recently disbursed to the farmer, so the first instalments have not yet been made.
Area of declared land: 60,55 hectares, from which 23,95 hectares are owned by the project owner.
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.