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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.
LT0000534
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 45.10 ha | 30.18 ha |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
"My philosophy for successful farming is to implement the development plans one after another - in this way, I am sure that I won't miss anything important," says the ambitious young farmer who started breeding beef cattle in Radviliškis district 5 years ago. Having started his activity with only 3 hectares, the farmer now declares 45,1 hectares of land and leases an additional 60 hectares from other farmers.
The farm currently has 50 Limousin breed cattle. The project owner plans to buy another 20 heifers in the near future and then gradually increase the herd even further. The entrepreneur grows his own fodder for the cattle, and sells the surplus when he has produced more than he needs to generate extra income. The farm cultivates peas, wheat, winter barley, triticale and potatoes.
The project owner uses a tractor and additional smaller implements to carry out farm work. The farmer notes that there is a lack of additional machinery for sowing and irrigation and has plans to expand his machinery fleet in the future.
The future plans for the farm are not limited to increasing the herd, but the project owner promises to expand the land area, build more barns and other necessary structures within a few years.
Declared land area: 45,1 ha, of which 30,18 ha are owned.
Annual interest
- Investing from 100 € - interest 11,6%
- Investing from 500 € - interest 12,3%
- Investing from 1.000 € - interest 12,6%
- Investing from 2.000 € - interest 13,1%
- Investing from 5.000 € - interest 13,3%
- Investing from 10.000 € - interest 13,7%
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.