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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.
LT0000874
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 574.96 ha | 40.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 702,038.00 € | 495,465.00 € |
| Net profit | 165,338.00 € | 96,726.00 € |
| Equity ratio | 23.61% | - |
Documents
Payment schedule
The main activity of MB Domagra is crop production. Additional activities include buying and selling agricultural products and provision of agricultural services (drying, cleaning).
The main strategic objective of the establishment of Domagra is to provide increasingly relevant agribusiness services, i.e. cleaning, drying and storage of crop production. The shortage of these services in Lithuania has been highlighted in recent years when the heavy rains of the last years have resulted in poor quality agricultural produce due to excess moisture, which has necessitated the need for drying and cleaning. The lack of availability or, more precisely, the lack of availability of elevator services has made drying and cleaning difficult.
The farm currently has 150 ha of wheat, 170 ha of rye, 90 ha of barley and 160 ha of rapeseed. As the farm has almost doubled in size, there is a need to expand the material and technical base by acquiring a new combine harvester adapted to work in difficult (rainy) conditions (the harvester is equipped with a crawler chassis).
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.