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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.
LT0000854
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 236.35 ha | 59.13 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 164,995.00 € | 218,598.00 € |
| Net profit | 46,482.00 € | 76,826.00 € |
| Equity ratio | 59.65% | - |
Documents
Payment schedule
This project provides an opportunity to invest in the development of an ecological mixed farm. A farmer with more than 15 years of experience, is now managing a total area of 236 ha in Radžiūnai, almost 60 ha of farmland is owned.
He raises a herd of 100 Simmental beef cattle, which he plans to expand the herd in the near future.
In addition to the cattle, the farm engages in crop production - with 40 ha of buckwheat and also maintains the land for fodder.
The businessman has various heavy-duty vehicles and other necessary implements needed to maintain the farm: three tractors, a telescopic handler, forage preparation equipment, a sprayer, livestock transport trailer.
He is borrowing 15 000 € to increase the working capital of the farm.
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.