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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.
LT0000630
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 70.31 ha | 21.00 ha |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
The entrepreneur and his family started farming in 1994, shortly after Lithuania regained its independence. His son is actively involved in the management of the mixed farm, helping to manage more than 70 ha of farmland and cattle.
The farm grows oilseed rape, wheat, beans and maize. There are also 30 cows and a number of calves. The farm produces its own fodder for the animals.
The business already has a combine harvester made in 2016, 3 tractors and smaller machinery to carry out farm work.
In the future, the farm aims to buy grain silos to store the harvest for longer and to sell it at better prices. There are also plans to increase the number of cattle.
Area of declared land: 70,31 ha of which 21 ha is owned
Annual interest
- Investing from 100 € - interest 12,6%
- Investing from 500 € - interest 13,3%
- Investing from 1 000 € - interest 13,6%
- Investing from 2 000 € - interest 14,1%
- Investing from 5 000 € - interest 14,3%
- Investing from 10 000 € - interest 14,7%
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.