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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.

LT0000879

Goal

11,000 €

Raised

11,000 €

Return rate

13.5%

Rating

B+

Period

Time left

LTV

Country

Lithuania

Loan purpose

Working capital

Business information

Security measures

Loan history

Project owner	Address
Xxxxxxxx Xxxxxxxx	Xxxxxxxxxxx, Šxxxxxxų xxxx.

header_1	Declared	Owned
Farming land	33.21 ha	11.32 ha

	2021	2020
Revenue	12,850.00 €	13,032.00 €
Net profit	7,877.00 €	7,834.00 €
Equity ratio	61.27%	-

Project description

Documents

Payment schedule

With this project, we invite you to contribute to the development of a farm in Širvintos district.

A farmer, who started farming 5 years ago, now grows not only wheat but meadows in over 33 ha of farmland. There are also 60 sheep on the farm.

Part of the wheat produced is used on the farm and the rest is sold. While lambs are also sold to other farms.

The farmer does all the farm work alone. To optimise the work, he uses a tractor, a sowing machine and other small machinery.

The farmer aims to borrow 11 000 EUR and to increase his working capital.

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.