Risk rating
Months
7
LTV
-
Goal
€15 000
Raised
€15 000
100%

Risk rating

7

Months

-

LTV

Goal:

€15 000

Raised:

€15 000

100%

Annual interest

Investing from €100 11.00%

Business information

Declared land, ha 35.88
Owned land, ha 17.00
Revenue
2021 €41 695
2020 €32 040

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 has been engaged in agricultural activities since 1989 and established the farm in 1995. With more than 33 years of experience, the farmer is managing around 36 ha of land in Vilkaviškis district where wheat and rapeseeds are grown.

The farmer is working by himself on the farm, with some additional help from family members during the harvest season. Crops are mainly sold to UAB Baltic Agro.

The farm's technical fleet consists of 3 tractors, combine harvester, seeder and other smaller pieces of equipment. 

Now the project owner is seeking to borrow 15 000 €, the funds received from this loan will help the farmer to purchase an additional sprayer.

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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