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.

LT0000451

Goal
16,940 €
Raised
16,940 €
100%
Return rate
From 11%

Rating
B

Period
36

Time left

LTV
70%

Country
Lithuania

Loan purpose
Land purchase

Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxx Xxxxxxxxxė
Xxšxxė, Xxxxė xxxxxxxx, Xxxxxxxxx
header_1 Declared Owned
Farming land--
Revenue
Net profit
Equity ratio
Project description
Documents
Payment schedule

About the project

The agri-entrepreneur, who started farming five years ago, currently runs a 16.76-hectare farm in the Kelmė district, with a total of 16 beef and dairy cattle. Part of the farm is dedicated to crops, including winter triticale and peas.

The farm's technical fleet consists of two tractors, a baler, a cultivator, a drill, a trailer and a rake.

The farmer has now decided to buy the 11.5495 ha of land she is currently renting and is borrowing 16.940 € to do so. Once this land is acquired, the majority of the farm will be owned and the rest will be rented from the state under long-term lease agreements.

In the future, the farmer hopes to build a farm on the farmland.

Area of declared land: 16,76 hectares, from which 2,39 hectares are owned by the project owner.

Annual interest 

  • Investing from 100 € - interest 11,0%
  • Investing from 500 € - interest 11,8%
  • Investing from 1.000 € - interest 12,5%
  • Investing from 2.000 € - interest 12,7%
  • Investing from 5.000 € - interest 13,0%

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.