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.

LT0001892

Goal
20,000 €
Raised
20,000 €
100%
Return rate
14%
Rating
C+
Period
21
Time left
LTV
92%
Country
Lithuania
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
Edvardas Brazaitis Ateities g. 47, Teiberių km., Vilkaviškio r.
header_1 Declared Owned
Farming land 65.00 ha 6.50 ha
20222021
Revenue 30,351.00 € 38,687.00 €
Net profit 858.00 € 838.00 €
Equity ratio 42.37% -
Total value of pledged assets

21,750.00 €

Agricultural land Land ID 4400-3927-3553 3.00 ha 17,200.00 € Based on the average prices presented by Central Statistical Office and the Agency for Restructuring and Modernization of Agriculture
Agricultural land Land ID 4400-3921-4130 0.78 ha 4,550.00 € Based on the average prices presented by Central Statistical Office and the Agency for Restructuring and Modernization of Agriculture
Personal liability Personal liability of the project owner - -
Read more about security measures here.
Loan number Project goal Outstanding principal Paid interest Status
LT0001892 20,000.00 € 20,000.00 € 699.39 € Active
LT0000759 8,000.00 € 0.00 € 1,042.75 € Repaid
LT0001516 10,060.00 € 0.00 € 688.43 € Repaid
LT0001694 15,000.00 € 15,000.00 € 1,046.88 € Active
Project description
Documents
Payment schedule
We invite you to invest in a farmer who started his agricultural business in 2016. This year, he has successfully increased his farmland by 50 hectares and now farms 65 hectares in total, of which 6,5 hectares are owned.. The farm produces wheat, rapeseed and onions. He currently owns 2 tractors, a seeder, a disc cultivator, a spreader and other small machinery.

He uses the method of no-till farming on his farm and plans to expand his farm in the future by increasing the area of agricultural land. He sells the wheat and oilseed rape he grows to the nearest grain buyers and the onions he grows on the farm to private individuals.

The project will fully cover the loan No LT0001516 (outstanding balance EUR 5 057,10) and the rest will be used to increase the working capital. Join us in helping to further develop this farm and at the same time ensure its growth and development. Thank you for your investment contribution to this promising 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.