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.

LT0000683

Goal
15,000 €
Raised
15,000 €
100%
Return rate
13.5%

Rating
B+

Period
24

Time left

LTV
-

Country
Lithuania

Loan purpose
Working capital

Business information
Security measures
Loan history
Project owner Address
Xxxxxė Xxxxxxxė
Xxxxxx xxxxxxxx, Xxxxxxxx xxxxxxx, Xxxxxxxxx
header_1 Declared Owned
Farming land207.13 ha117.02 ha
20212020
Revenue 255,536.00 € 261,263.00 €
Net profit 94,364.00 € 128,864.00 €
Equity ratio 54.44% -
Project description
Documents
Payment schedule

About the project

This project invites you to invest in the preparation of fodder for livestock. The loan is intended to replenish working capital and will be secured by the personal liability of the project owner.

The entrepreneur, who has been farming for almost two decades, runs a mixed farm in the Šilutė district. The farm has 180 dairy cows. Some of the land is also used for meadows and pastures and for growing barley.

The farm's machinery fleet consists of three tractors, a telescopic handler, a baler and other necessary tillage equipment.

The farmer currently needs additional working capital to maintain efficient fodder production.

In the future, the farmer plans to expand her activities to include beef cattle.

The farmer is currently using Heavy Finance. As of today, there are three instalments remaining of €2 138,50 to cover the full loan.


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.