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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.
LT0000424
| 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 2008 currently owns almost 200 hectares of mixed organic farmland in the Šilutė district. Rye, buckwheat, and oats are grown on the most fertile land of the farm, as well as Lithuanian heavy horses are bred for meat. There are currently 30 horses grazing on the farm, 18 of which are mares.
The farm's technical fleet consists of three tractors, a combine harvester, and other small machinery. The farmer plans to make a final payment of the combine harvester and purchase a 20-hectare plot of land with the funds received from the project. Loan will be pledged by almost 48 hectares of agricultural land.
Over the next four years, the farmer plans to expand its herd of mares to 50.
Area of declared land: 198,44 hectares, from which 99,41 hectares are owned by the project owner.
Annual interest
- Investing from 100 € - interest 10,8%
- Investing from 500 € - interest 11,4%
- Investing from 1.000 € - interest 11,7%
- Investing from 2.000 € - interest 11,9%
- Investing from 5.000 € - interest 12,2%
- Investing from 10.000 € - interest 12,4%
- Investing from 20.000 € - interest 12,7%
- Investing from 30.000 € - interest 13,1%
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.