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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.
LT0000435
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
The farmer has been developing his own agricultural business for 15 years and has more than 140 hectares of mixed farm in the Rietavas district. 150 beef cattle graze here and a part of the land is sown with wheat, oats and barley. Some of the grain is used for the fodder of cattle.
The farmer is currently implementing National Paying Agency's support program "Support for Investments in Agricultural Holdings", under which a new combine and other technical units will be purchased. The project owner is now borrowing 56.742 € to cover the partial cost of the combine.
The farm equipment fleet currently consists of three tractors, a plough, a grain dryer, and other smaller pieces of equipment.
In addition to investing in more efficient heavy machinery, the project owner expands the farmland each year by acquiring or renting nearby agricultural plots.
Area of declared land: 142,77 hectares, from which 60 hectares are owned by the project owner.
Annual interest
- Investing from 100 € - interest 11,1%
- Investing from 500 € - interest 11,8%
- Investing from 1.000 € - interest 12,1%
- Investing from 2.000 € - interest 12,6%
- Investing from 5.000 € - interest 12,8%
- Investing from 10.000 € - interest 13,2%
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.