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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.
LT0000455
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
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 started farming in 2013, currently grows a range of cereal crops (oats, wheat, triticale) and potatoes. The farmer has been steadily reducing his previously intensive cattle farm (2 beef cattle remain on the farm today), as he has learnt that crop production brings more profit. He is looking to invest in more arable land.
The farm uses three tractors, a combine harvester, a potato harvester, implements and trailers. The trailers, which are used heavily for transporting grain, need repairs and the farmer borrows money to get them fixed before the spring.
Although the farmer is currently focusing on preparing for the upcoming season, he is also interested in expanding his farm, with plans to buy 15 hectares in the near future.
Area of declared land: 67,26 hectares, from which 20 hectares are owned by the project owner.
Annual interest - 13%
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.