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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.
LT0000656
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 14.10 ha | 10.00 ha |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Sole accountability
This loan is secured by sole accountability from the project owner. Read more about this security measure here.
About the project
-After attaining special courses and working with professional couches, the businesswoman started her own horse center in Lithuania. Currently, she has two horses that participate in endurance riding competitions. In order to expand the horse center, the entrepreneur is now seeking to buy some leisure horses and start running riding lessons.
The passion for horses led the woman not only to take care of them but also to establish a store for sports clothes. Even when the world started stagnating due to Covid-19 pandemics, in 2020 she managed to increase the revenue more than twice, compared to results in 2019. Sports clothes heavily contributed to this result.
Graduated in finance a businesswoman has the vision to expand her riding center to provide a full scope of services for both beginners and professionals.
With this loan, a woman is seeking to buy land for the expansion of her riding center.
Area of declared land: 14.1 of which 10 is owned
Annual interest 13,5%
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.