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.

LT0000707

Goal
15,000 €
Raised
15,000 €
100%
Return rate
13.51%

Rating
B+

Period
24

Time left

LTV
-

Country
Lithuania

Loan purpose
Working capital

Business information
Security measures
Loan history
Project owner Address
Xxxxxxx Xxxxūxxx
Xxxxxūxų x. Xxxxxėžxx x.
header_1 Declared Owned
Farming land523.47 ha16.50 ha
20212020
Revenue 502,499.00 € 552,617.00 €
Net profit 40,499.00 € 170,397.00 €
Equity ratio 23.6% -
Project description
Documents
Payment schedule

About the project

The farm was established in 2018 in Panevėžys district, and today more than 500 ha of land is cultivated with wheat, rape and barley.

The farm is engaged in no-till farming, last year he built a grain silo with EU support. The farmer plans to acquire additional 10 ha of land this year. 

The farm has all the necessary equipment to cultivate the land: 2 tractors, a self-propelled sprayer, a combine harvester, a cultivator, a seeder, a dumper, a semi-trailer for transporting grain and other necessary equipment.

Now he is borrowing 15 000 € for working capital which will help in buying fuel for the coming season.

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.