About project no LT0000721
The farmer has been running a strawberry farm on an area of 5 ha since 2005. Some of the strawberries grow in a greenhouse.
The fruits are partly sold on the markets and partly made into strawberry juice. The farmer also sells strawberry seedlings as well as seeds and fertilizers. He also advises other farmers on how to grow fruits.
In addition, he also sells other fruit trees and flowers.
The farmer's planning to use the money to expand the range of the crops he sells.
You may see more about the farm on http://ragaisioukis.com/
|Loan period||19 Months|
|Repayment type||Normal period|
|No of investors||55|
|Security measures||Sole accountability, Additional surety|
|Declared land, ha||5.09|
|Owned land, ha||0.00|
|Other||Promissory note of 13 000 Eur|
|Total value of pledged assets||€0|
|Investing from €100||14.5%|
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.
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.