Summary

About the project

Since 2021, the entrepreneur has been running an ecological livestock farm in Klaipėda region and currently has 52 purebred Aberdeen-Angus beef cattle.

The farm declares 65 ha of land (all is rented) for grazing and fodder production. In 2022, the farm plans to expand the herd of purebred Aberdeen Angus cattle to 100 sucklers.

Farmer operates together with her husband who also controls his own farm and who will provide guarantee for this project. This loan will be used for the purchase of livestock with support from the NMA.

Loan information LT0000731

Raised €13 000
Remaining €0
Goal €13 000
Left 0 Days
Return rate 12.5%
Risk rating B+
Loan period 11 Months
LTV -
Country Lithuania
Repayment type Normal period
No of investors 5
Security measures Sole accountability, Personal surety

Business information

Declared land, ha 65.46
Owned land, ha 0.00
Revenue
2021 €29 612
Net profit
2021 €13 070
Equity ratio
2021 71%

Security measures

Type Description Value Valuation method
Other Sole accountability
Other Personal surety of Airidas Tamavičius
Total value of pledged assets €0

Annual interest

Investing from €100 12.5%

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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