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.

LT0001869

Goal
67,600 €
Raised
67,600 €
100%
Return rate
up to 16.2%
Rating
C+
Period
32
Time left
LTV
32%
Country
Lithuania
Loan purpose
Refinancing
Business information
Security measures
Loan history
Project owner Address
Edvard Vainovskij Ažuolų g. 21, Brayuolės k., Trakų r. sav.
header_1 Declared Owned
Farming land 224.75 ha 15.00 ha
20222021
Revenue 150,111.00 € 143,819.00 €
Net profit 35,811.00 € 133,681.00 €
Equity ratio 29.71% -
Total value of pledged assets

207,290.00 €

Combine harvester John Deere W330 2017 142,290.00 € VŠĮ Emprekis (a monthly publication that covers the average prices of used and naturally worn-out vehicles up to thirty years old. The company provides its services in Lithuania, Latvia, Estonia and Germany, and are also trusted by banks)
Personal liability Personal liability of the project owner - -
Tractor John Deere 6125M with front loader Alo Quicke Q5 S 2016 65,000.00 € VŠĮ Emprekis (a monthly publication that covers the average prices of used and naturally worn-out vehicles up to thirty years old. The company provides its services in Lithuania, Latvia, Estonia and Germany, and are also trusted by banks)
Read more about security measures here.
Loan number Project goal Outstanding principal Paid interest Status
LT0001869 67,600.00 € 67,600.00 € 1,662.18 € Active
LT0000360 11,000.00 € 3,709.28 € 3,009.50 € Active
LT0001534 30,000.00 € 0.00 € 1,976.34 € Repaid
Project description
Documents
Payment schedule

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In the farmer's family, the tradition of farming began with the grandfather. The project owner himself has been farming since 2014 when he decided to separate from his parents' farm and start his own organic farm.

The businessman now declares 224,75 hectares of land where mainly oats, buckwheat, and wheat are grown. Typically, about half of our production is exported to foreign markets, where is a higher demand for organic raw materials. Only farmer’s family is working on the farm, and no extra people are hired. As the businessman himself says, when you love your job, long hours are easy. Because of this approach, the farmer is constantly looking for development opportunities and has invested heavily in agricultural machinery to increase productivity.

The farm uses a combine harvester, two tractors, some smaller equipment. According to him, the oldest heavy equipment and implements in the technical fleet are made in 2016.

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.