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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.
LT0000523
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 301.54 ha | 65.54 ha |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
The owner of the project has been farming crops for over ten years and has grown from 16 to 302 hectares since he started farming. The farm produces oilseed rape, barley and wheat, which is the largest part of the harvest. The project owner maintains the farm with the help of two employees.
The farmer owns all the machinery needed for the farm, but hires additional machinery during the peak season. This year, the project owner has purchased a warehouse, so that he can now store and sell his harvest at better prices. Part of the machinery fleet has also been renewed this year.
In the future, the farmer plans to improve the tillage model by integrating direct seeding and reducing farm expenditure.
The farmer is now borrowing €46,970 to prepare for the forthcoming sowing season. The loan will be secured by a pledge on farm land.
Declared area of land: 301,54 ha, of which 65,54 ha are owned by the farmer
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.