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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.
LT0000759
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 14.07 ha | 6.50 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 38,687.00 € | 17,093.00 € |
| Net profit | 838.00 € | 585.00 € |
| Equity ratio | 16.23% | - |
Documents
Payment schedule
About the project
The project owner started farming in 2016 and now works with his father on the farm, growing wheat, oilseed rapeseeds and onions.
The project owner currently owns 2 tractors, a drill, a cultivator and other small equipment. The farmer uses no-till farming approach on his farm.
He plans to expand his farm in the coming years by increasing the agricultural area.
He sells the wheat and rapeseed he produces to the nearest grain buyers. The onions grown on the farm are sold to individuals.
With this project, the farmer aims to increase his 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.