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.

LT0000846

Goal
8,000 €
Raised
8,000 €
100%
Return rate
14.5%

Rating
B

Period
35

Time left

LTV
-

Country
Lithuania

Loan purpose
Working capital

Business information
Security measures
Loan history
Project owner Address
Xxxxxxx Xxxxxxxxx
Xxxxxxų x., Xxxxxxx xxx., Xxxxxx, Xxxxžxxxxxxx x.
header_1 Declared Owned
Dirbama žemė41.86 ha3.61 ha
20212020
Revenue 19,412.00 € 6,473.00 €
Net profit 480.00 € 2,232.00 €
Equity ratio 63.83% -
Project description
Documents
Payment schedule

With this project, we invite you to invest in the development of a Lithuanian mixed farm. The businessman, who has been working in the agriculture sector for four years, currently owns 41.84 hectares of land in the Lazdijai district. The farmland was increased from 32 ha last year. Currently, 9 beef cattle and 16 dairy heifers are raised here. Half of the farm area is dedicated to crops - wheat, barley, and triticale are grown here.

Each year the farmer not only expands his farmland but also updates his machinery, with a new tractor, trailer, cultivator and sowing machine purchased with the help of an NMA project.

However, the farm also uses the old machinery - two tractors, a forage harvester and a combine harvester purchased. The farmer also plans to purchase another 5 ha in the autumn.


Now the farmer is more focused on grain production, therefore to ensure a successful harvest, he is seeking to borrow 8 000 € to increase the farm's working capital. 

The existing loan (LT0000213) has an active balance of 11 983.91 €


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.