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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.
-466,655 kg CO2e
LT0000676
| Project owner | Address |
|---|---|
| Antanas Pilipaitis | Jurbarko r. |
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 92.65 ha | 41.85 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 59,759.00 € | 69,189.00 € |
| Net profit | 2,540.00 € | 10,071.00 € |
| Equity ratio | 46.06% | - |
Documents
Payment schedule
About the project
With almost two decades of experience in managing the livestock farm, the agri-entrepreneur has grown his mixed farm to more than 90 hectares. He has also taught his daughter everything he knows about agriculture, and she, after completing the Young Farmer Programme, manages her own farmland nearby - father and daughter have more than 100 hectares together. The family raises dairy cows on both farms, and some of the lands is devoted to maize and clover for cattle feed, as well as growing wheat for sale.
The agri-entrepreneur uses his own machinery fleet to carry out the farm work, including a tractor, a new round baler, a tractor, a telescopic loader and a combine harvester. The farmer claims that the machinery is sufficient for the farm, but now he needs additional working capital to cover the various costs associated with the operation.
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.