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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.
LT0000702
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 123.61 ha | 20.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 32,910.00 € | 82,238.00 € |
| Net profit | 3,992.00 € | 30,170.00 € |
| Equity ratio | 34.56% | - |
Documents
Payment schedule
About the project
The farmer took over this farm from his daughter-in-law in 2018, but the farm itself has been operating since 2011. The family takes care of the farm together, while hiring an additional worker to help during the summer season.
Cereals are grown on 123 ha, for which the farmer uses tractors, ploughs, trailers, a sprayer and other smaller equipment. The farmer plans to switch to more sustainable no-till farming approach.
Currently, most of the grain is sold to AB Linas Agro and UAB Agrochema.
In 2021, there was a decrease in income, and the main reason for this is that the farmer sold only part of the grain in 2021 and the other half in 2022.
Currently, the farmer needs a loan to buy seeds, fertilizers and also fuel for machinery.
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.