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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.
LT0000816
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 187.54 ha | 66.45 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 228,364.00 € | 183,923.00 € |
| Net profit | 5,884.00 € | 21,817.00 € |
| Equity ratio | 3.78% | - |
Documents
Payment schedule
Since 2004, the agribusinessman has been building the farm on his own and now manages over 180 hectares in the Šakiai district. Prior to that, the project owner gained the necessary farming knowledge and skills from his parents and took over the family farm when they retired. Rapeseed, grains and vegetables are currently cultivated here.
The farm's current equipment fleet consists of a combine harvester, two tractors, a telescopic loader and a truck.
Although the revenue for 2021 rose more than 20% from the previous year, the profit decreased by 73%. This is due to the fact that farmer had purchased a truck Scania and a semi-trailer for transporting grain which were included in to the expenses and increased liabilities - total cost of 40k €. Moreover, the farmer has bought fertilisers in 2021 for the 2022 season. This decision was a well-measured as the prices of fertilisers has increased by 4 times this year.
The project owner is now looking for the financing to prepare for harvesting season. This is the second project of the farmer, his active loan LT0000357 is with the balance of €10000.
Area of declared land: 187,54 hectares, from which 66,45 hectares are owned by the project owner.
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.