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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.
LT0000450
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
The project owner started farming in 2007 and has since grown his farm to over 300 hectares. The farm is home to around 350 sheep and on the most fertile areas organic crops are grown. This year the farmer received a certificate from the public enterprise Ekoagros, which proves that the farm's production is fully organic.
The farm uses two tractors, a combine harvester and other smaller machinery to process the land and harvest.
However, adverse weather conditions, drought and heavy rainfall have affected the quality of the cereals grown, resulting in a lower yield than expected. This situaion has prevented the farmer from meeting his previous financial commitments due to insufficient income earned. The project owner is now seeking to repay the loan LT0000082 and is borrowing 58.400 € to refinance it. The farmer's current HeavyFinanceloan portfolio amounts to 192.299 €.
Declared land area: 312,89 ha, of which 240 ha are owned.
Annual interest - 13,75%
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.