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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.
LT0002030
| Project owner | Address |
|---|---|
| Ernestas Saldys | Kėdainių r., Keleriškiai, Artojų g. 31 |
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 41.62 ha | 10.00 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 264,509.00 € | 170,555.00 € |
| Net profit | 53,806.00 € | 37,512.00 € |
| Equity ratio | -11.93% | - |
Documents
Payment schedule
Project owner's family runs a vegetable farm in the Kėdainiai district. On an farmland of 41.62 hectares, they grow a variety of vegetables - onions, potatoes, cucumbers. The farmer owns 10 ha of the cultivated land.
The husband and wife work together on the farm and employ five seasonal workers during the busier times. The farm's productivity is supported by a fleet of four tractors and smaller implements.
The vegetables produced on the farm are not only sold in Lithuania, but also exported to other EU countries. "By having long-term contracts with buyers, we are sure that the vegetables we grow will reach the right consumers. We have had strong relationships with regular buyers for many years, so there is no need to look for new buyers and sign new contracts," says the farmer.
The farm now needs additional working capital, which will be used to modernise its machinery and to install an irrigation system. This would make it much easier to look after the vegetables, especially the onions.
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.