Risk rating
Months
12
LTV
-
Goal
€11 000
Raised
€11 000
100%

Risk rating

12

Months

-

LTV

Goal:

€11 000

Raised:

€11 000

100%

Annual interest

Investing from €100 12.50%

Business information

Declared land, ha 114.60
Owned land, ha 30.00
Revenue
2021 €193 752
2020 €169 316
Net profit
2021 €58 689
2020 €49 737
Equity ratio
2021 10%

Security measures

Type Subtype Description Value Manufacture year Area size Valuation method
Other Sole accountability
Total value of pledged assets €0
Summary
Loan history

About the project

Farmer started his farm with help from his parents and now he has been in the field for 7 years.

He is managing a 114,6 hectares of land, he owns 30 hectares of this land and rents the rest of it. This year, 44% of the field is already sowed with rape seeds, and 55% with wheat. The grains are mainly sold to UAB Skandagra, UAB Agrochema, and UAB Agrokoncernas.

Farmer hires additional worker for harvesting season, but during the year farmer is working alone.

The farm has two tractors, a telescopic loader, a seeder, and other smaller pieces of equipment. The farmer is planning to increase his technical fleet by purchasing a grain dryer and is also planning to build an additional building on his farm. The funds received from this loan will increase farm's working capital.

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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