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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.
LT0000602
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 203.69 ha | 13.68 ha |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Sole accountability
About the project
The owner of the project started farming in 2009 after inheriting his parents' farm of 3 ha and has now expanded to 200 ha of land. The farm is mixed: beef cattle are raised (25 head) and cereals are grown, with a mixed farm ratio of 10/90. The land in Dzūkija region is not the most fertile, so rye, oats, buckwheat and occasionally triticale are the main crops being cultivated.
The farmer is also involved in forestry, having set up an individual business providing a range of services, such as logging, tree planting, pruning and the production of solid fuel.
The farm employs 4 permanent staff who work on the farm during the high season and, in order not to have to lay them off, they also help with the forestry activities during the low season.
The project owner's technical fleet consists of two combine harvesters, a newer high-powered tractor and an older Belarus tractor, as well as all the necessary implements for cultivation, such as ploughs, harrows, seed drills, rollers, spreaders, trailers and others. The same tractors are used for forestry and a wood chipper, bought last year, is used to prepare the firewood, i.e. chop it. It is loaded into crates and transported to the German, Belgian, Dutch and French markets.
According to the farmer, this equipment is sufficient to work the land, but he is trying to regularly update his machinery fleet as requirements change, and is planning to buy a tractor in the near future. He also regularly participates in NMA projects.
The farmer is currently borrowing €15 000 to increase his working capital. The funds will be used to prepare for the upcoming season.
The owner of the project declares an area of 203,69 ha, of which 13,68 ha are owned.
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.