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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.
LT0000422
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
The project owner, who has been farming for six years, manages a crop farm of more than 100 hectares in the Mažeikiai district. Each year, the farmer sows wheat and barley, and also devotes part of the farm to clover and perennial grasses. The project owner is farming together with his wife, who manages livestock farm and breeds beef cattle. The total area of the family's farm is over 300 hectares.
The agri-entrepreneur uses two tractors, a combine harvester, a plough, a trailer and other implements, which he shares with his wife's farm, to prepare the land. Now the project owner is willing to buy a more powerful sprayer and spreader.
"As soon as my wife and I started farming, we invested everything in developing the farm. We have a lot of plans for expansion - we want to buy more land, build a farm on my wife's farm and renew most of our machinery. We are planning the right timing and, of course, the finances to be able to do all this. Now I feel the need to buy a new sprayer and a spreader, as the old machinery is no longer suitable for the size of the farm."
The loan for the purchase of the implements will be secured by a pledge of a combine harvester.
Area of declared land: 111,6 hectares, from which 30 hectares are owned by the project owner.
Annual interest
- Investing from 100 € - interest 9,0%
- Investing from 500 € - interest 9,8%
- Investing from 1.000 € - interest 10,5%
- Investing from 2.000 € - interest 10,7%
- Investing from 5.000 € - interest 11,0%
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.