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Risk rating
Months
35
LTV
50%
Goal
€53 800
Raised
€53 800
100%

Risk rating

35

Months

50%

LTV

Goal:

€53 800

Raised:

€53 800

100%

Annual interest

Investing from €100 9.10%
Investing from €500 9.80%
Investing from €1 000 10.10%
Investing from €2 000 10.60%
Investing from €5 000 10.80%
Investing from €10 000 11.20%

Business information

Declared land, ha 547.73
Owned land, ha 14.00
Revenue
2021 €111 912
2020 €46 491
Net profit
2021 €29 024
Equity ratio
2021 47%

Security measures

Type Subtype Description Value Manufacture year Area size Valuation method
Livestocks 74 angus breeding heifers €70 200 According to financial statement and certificate of biological assets
Other Sole accountability
Livestocks 3 Angus breeding bulls €12 000
Livestocks 17 Angus breeding heifers (wight over 600 kg) €25 500
Total value of pledged assets €107 700
Summary
Loan history

The businessman established the farm in 2019. The farm mainly grows Aberdeen-Angus cattle for beef meat. All the livestock is insured. 

Having an education in economics, he quickly expanded the farm to 547.73 hectares of land. 14 ha of it is owned by the farmer and the rest is leased from private individuals.

The farm already has two tractors, a mulcher, a bale trailer, a livestock trailer, a grass drill and smaller pieces of equipment. Currently, the plan is to invest in buying more livestock and land.

With 30 more cattle, his total livestock would reach more than 100 units. In a bit more than a year, the agro entrepreneur seeks to increase the number of cattle to 200. 

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.

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