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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.
LT0000474
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 16.22 ha | 10.00 ha |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Sole accountability
About the project
The owner of the project, who started out as a milk collector, has now been involved in cattle farming for ten years. The farm currently has over 80 cattle: 25 dairy cows and the rest are beef cattle.
The farmer sells part of his processed products at the local market and the rest at the milk procurement company. The farmer continues to collect milk from the local population as well.
The project owner does not own any machinery and he herds his cattle in the fields, therefore he buys all the materials he needs to maintain the farm, this time he is borrowing € 9.000 to buy animal feed.
The farmer declares 16,22 ha of land, of which 10 ha are his own.
Annual interest - 11,5 %
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.