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.

LT0001982

Goal
50,000 €
Raised
50,000 €
100%
Return rate
up to 12.7%
Rating
B+
Period
42
Time left
LTV
67%
Country
Lithuania
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
Gintaras Kavaliauskas Sodybų g. 22, Parėčėnų k., Alytaus raj.
header_1 Declared Owned
Farming land 148.19 ha 30.00 ha
20222021
Revenue 179,505.00 € 124,415.00 €
Net profit 73,684.00 € 38,208.00 €
Equity ratio 12.21% -
Total value of pledged assets

75,030.00 €

Agricultural land Land ID 4400-5910-0013 5.74 ha 17,300.00 € Based on the average prices presented by Central Statistical Office and the Agency for Restructuring and Modernization of Agriculture
Agricultural land Land ID 3343-0002-0003 5.60 ha 15,300.00 € Based on the average prices presented by Central Statistical Office and the Agency for Restructuring and Modernization of Agriculture
Combine harvester ACROS 560 RSM-142 2012 42,430.00 € 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 - -
Read more about security measures here.
Loan number Project goal Outstanding principal Paid interest Status
LT0001982 50,000.00 € 50,000.00 € 0.00 € Active
Project description
Documents
Payment schedule

To help a farmer collect funds faster, we offer you to earn even more. When investing, use the promo code Heavy1982 and get 2.00% cashback.


Introducing an investment opportunity in viable agriculture. The farmer, who started farming in 1991, now runs a promising farm of 148.19 hectares, of which 30 hectares are his own.


The farm currently grows wheat, summer and winter oilseed rape, and is actively planning to add a new crop - corn, in order to expand and diversify its production.

The farm's machinery fleet consists of seven tractors, 2 combine harvesters, 6 tractor-trailers, a germinator, a cultivator, 2 sprayers, a straw baler, a tedder, a rake and a seeder. The farm also has two grain stores, a mechanical workshop, garages and a grain dryer. One of the grain stores is equipped with a straw pellet production line and a tree-cutting gater. The farmer does not currently produce pellets due to the low selling prices of pellets, but plans to produce sawdust pellets in the future.

It is also important to mention that the project owner's daughter's farm, which grows cereals, oilseed rape and beef cattles, runs in parallel. The declared area of the farm is 67 ha.

The funds provided by the investors will be used for the purchase of seeds, fertilisers and to increase working capital to ensure the development of the farm and the optimum growth of production. Join us in helping this farm to grow and succeed.

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.