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.

LT0000426

Goal
12,000 €
Raised
12,000 €
100%
Return rate
12.5%

Rating
A

Period
35

Time left

LTV
-

Country
Lithuania

Loan purpose
Working capital

Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxšxxx
Xxxšxxx xxxxxxxx, Xxxxxxxxxxx xxxxxxx
header_1 Declared Owned
Farming land--
Revenue
Net profit
Equity ratio
Project description
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 farming for two decades, is currently raising about 50 beef cattle in an area of 76.82 hectares in the Telšiai district, Lithuania. About 30 hectares of the farm area is dedicated to crops - this year oats, rye, and spring wheat were sown. The farmer not only applies his deep knowledge about agriculture on his farm but also shares it with his daughter, who, following her father's footsteps, is now preparing to participate in the Young Farmer Program.

The project owner is now focusing on the expansion of the farm area and borrowing for the purchase of additional land plots.

The farm's technical fleet consists of a tractor, ploughs, seeders, and other small machinery.

Area of declared land: 76,82 hectares, from which 30 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.