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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.
LT0000631
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 121.30 ha | 54.09 ha |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
The owner of the project, who has been farming since 2012, gained experience from a young age helping on his father' s farm. He now runs a 121 ha crop farm in Pasvalys district, which he is steadily increasing with the aim of expanding to 200 ha, the total family farm currently amounts to 200 ha. The farm grows wheat and oilseed rape and is maintained with the help of his father. Since last year, the project owner has also started to practice no till farming.
Today, the farm's machinery fleet consists of three tractors, a combine harvester and other implements. The farm also has a mobile drying facility, which allows the harvested produce to be stored in 2 grain silos in the yard. These silos can hold 200 tonnes of produce and another 100 tonnes are stored in open storage (almost half of the harvest in total), allowing the farmer to sell the produce after the harvest season at a much better price.
The project owner is now borrowing 35 000 € for the construction of a hangar. The plan is not only to store the existing machinery, but also to store even more produce. The loan will be secured by a pledge on the tractor.
The farmer declares 121.3 ha of land, of which 54.09 ha are owned.
Annual interest
- Investing from €100 - interest 9,1%
- Investing from €500 - interest 9,8%
- Investing from €1 000 - interest 10,1%
- Investing from €2 000 - interest 10,6%
- Investing from €5 000 - interest 10,8%
- Investing from €10 000 - interest 11,2%
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.