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.

LT0002062

Goal
15,000 €
Raised
15,000 €
100%
Return rate
15%

Rating
B

Period
16

Time left

LTV
-

Country
Lithuania

Loan purpose
Working capital

Business information
Security measures
Loan history
Project owner Address
Xxxxxx Žxxxxxxx
Šxxxų x., Xxxxxxxxšxxx xxx., Xxxxxxxxšxxų x.
header_1 Declared Owned
Dirbama žemė44.41 ha0.83 ha
20232022
Revenue 56,204.00 € 50,124.00 €
Net profit 26,835.00 € 15,853.00 €
Equity ratio 71.24% -
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 heavy2062 and get 2.00% cashback.

The project owner is not only a farmer, but also a veterinarian. He has started actively farming in 2013 and dedicated his farm of 44,41 hectares to growing rapeseed and wheat. He also has around 50 cattle.

Usually farmer works on the farm together with his wife, but sometimes hires an additional employee. Farmer has 2 tractors, harvester and smaller pieces of equipment.

He plans to increase his farmland this year. He sells his crops to Scandagra UAB, Agrokoncernas UAB and Dainiai UAB. Part of the crops is used as feed for the cattle.

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.