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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.
LT0000459
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
The agri-entrepreneur, who started his business seven years ago, is now cultivating more than 150-hectare crop farm in the Rokiškis district. Wheat, barley, rapeseed and peas are grown there. The entrepreneur farms together with his wife, therefore the total family's farm area is 250 hectares.
The businessman uses a variety of his own equipment on the farm, including a tractor, a sprayer, bought five years ago with the support of the National Payment Agency, a spreader and a plough. Until now, the farmer has rented a combine harvester for harvesting, but as the farmland is expanding, it is more convenient to own a combine harvester, so the entrepreneur is now borrowing 33.880 € to purchase one.
In the future, the project owner hopes to invest in a more powerful tractor and a grain storage silo, as he now has to sell all his harvest immediately after harvest.
Area of declared land: 152,88 hectares, from which 100 hectares are owned by the project owner.
Annual interest
- Investing from 100 € - interest 10,1%
- Investing from 500 € - interest 10,8%
- Investing from 1.000 € - interest 11,1%
- Investing from 2.000 € - interest 11,6%
- Investing from 5.000 € - interest 11,8%
- Investing from 10.000 € - interest 12,2%
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.