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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.
LT0002022
| Project owner | Address |
|---|---|
| Petras Margelis | Grūdos g. 8, Kabelių k., Marcinkonių sen., Varėnos r. sav., |
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 32.51 ha | 5.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 28,159.65 € | 22,890.19 € |
| Net profit | - | - |
| Equity ratio | - | - |
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Established in 2015, the farm specialises in vegetables and cereals. The cultivated area is 32,51 ha, of which 5 ha are owned.
The technical equipment on the farm is modern and efficient, and the farm work is usually carried out alone, sometimes with the help of relatives.
The loan will be used to further improve the 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.