Povilas inherited the farm from his grandparents when he was a student, starting with 12 hectares and expanding to over 140 hectares.

The land is sown with wheat, triticale and barley. The farmer took over all the necessary machinery from his grandfather and now has one old tractor, one new tractor, a combine harvester and all other necessary implements.

It is a family-run farm, no additional worker is hired.

The farmer plans to expand the farmland to 300 hectares in the future.

This is the first farmer's project on the platform. Now he aims to borrow 48 000 € to purchase more land. The loan is secured by a mortgage on a 15.82 ha of land.

Loan information LT0000832

Raised €37 948
Remaining €10 052
Goal €48 000
8 days 07:32:54
Return rate 10.1% - 12.2%
Risk rating B+
Loan period 30 Months
LTV 80%
Country Lithuania
Repayment type Normal period
No of investors 19
Security measures Pledge of assets, Sole accountability

Business information

Declared land, ha 140.49
Owned land, ha 19.73
2021 €41 577
2020 €21 687
Net profit
2021 €26 173
2020 €0
Equity ratio
2021 55%

Security measures

Type Description Value Valuation method
Land land no. 4400-1485-1802 3,7400 ha €14 200 According to independent property valuation
Land land no. 4400-5430-9329 4,5250ha €17 200 According to independent property valuation
Land land no. 5155-0001-0048 4,5518ha €17 300 According to independent property valuation
Land land no. 4400-0827-6226 3,0000ha €11 400 According to independent property valuation
Other Sole accountability
Total value of pledged assets €60 100

Annual interest

Investing from €100 10.1%
Investing from €500 10.8%
Investing from €1 000 11.1%
Investing from €2 000 11.6%
Investing from €5 000 11.8%
Investing from €10 000 12.2%

Calculate investment

100 10000
10.1 0
Expected return
0 €
0 €

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.