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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.
LT0000834
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 0.00 ha | 0.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 197,992.00 € | 169,602.00 € |
| Net profit | 33,605.00 € | 24,323.00 € |
| Equity ratio | 65.44% | - |
Documents
Payment schedule
Karpis is a fishing company operating since 1995 in the municipality of Kazlų Rūda, mainly engaged in carp breeding. Last year, the farm sold 80 tonnes of fish, which are bred in 25 ponds covering an area of 460 ha. The company sells its products to individuals, smokehouses and other smaller processing companies.
This year, Karpis UAB became a semi-organic farm, with 9 employees helping to maintain it. In the future, the project owner plans to renovate the warehouses and improve the infrastructure.
Now with the second project on the platform the company aims to borrow 18 500 Eur to increase its working capital, the loan will be secured by mortgaging a fish transport truck. The balance of the first project (LT0000644) is EUR 15 000, and all instalments have been made on time.
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.