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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.
LT0000528
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 9.05 ha | 6.00 ha |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Sole accountability
About the project
The owner of the project, who has been farming for more than ten years, runs a mixed farm in the Joniškis region. He grows wheat, has some land devoted to meadows, breeds dairy bulls and last autumn, for the first time, bought pedigree beef cattle. This year he will be monitoring the success of this breed and considering whether to develop it further. The owner does most of the maintenance of the farm himself, with family members helping during the season.
The farmer owns almost all the necessary machinery, but during the harvest season some of the machinery is rented from a larger farmer
The farmer is currently borrowing € 11 000 to buy a forklift. The loan is secured by the sole accountability of the project owner.
The farmer declares a land area of 9,05 ha, of which 6 ha are owned.company.
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.