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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.
LT0000772
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 54.44 ha | 14.66 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 48,961.19 € | 39,619.25 € |
| Net profit | 21,640.00 € | 12,797.00 € |
| Equity ratio | 54.28% | - |
Documents
Payment schedule
About the project
The agro-entrepreneur, who has been farming since 2005, owns a 54-hectare livestock farm in Šilutė district. Currently, 53 beef cattle graze on the farm's pastures, but the farmer intends to expand the herd in the future. The farm produces its own fodder, so part of the land is dedicated to arable land.
The farmer also produces frozen beef products from the produce he grows, and hopes to expand the product line further in the future. The project owner says that he will soon start growing vegetables on the farm and incorporating them into his products. In addition, the entrepreneur plans to open a local shop to sell the products and to deliver the orders received.
The farm's machinery fleet consists of a tractor and all the necessary attachments.
This is the farmer's third project on the platform. The current loan balance is €60 000 and interest payments are made on time. With this loan, it will help increase the farm's working capital for fertilisers and fuel costs.
Declared land area: 54,44 ha, of which 14,66 ha are owned.
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.