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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.
LT0000485
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 312.89 ha | 235.00 ha |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
The project owner started farming in 2007 and has since expanded his activities to 312.89 ha of organic farming. The farm has about 350 sheep and produces organic crops, the farmer received a certificate from Ekoagros earlier this year, proving that the farm's produce is organic.
The farm uses two tractors, a combine harvester and other smaller machinery to process the land and harvest.
However, adverse weather conditions, such as drought and heavy rains, have compromised the quality of the cereals, resulting in lower yields than expected. Due to insufficient income this situation has prevented the farmer from meeting his previous financial commitments. The project owner is now seeking to repay the loans and is borrowing €32,000 to refinance them. The farmer's current loan portfolio amounts to € 202,426.
Declared land area: 312,89 ha, of which 235 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.