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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.
LT0002682
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 31.79 ha | 16.00 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 27,460.00 € | 33,648.00 € |
| Net profit | 724.00 € | 4,737.00 € |
| Equity ratio | 39.25% | - |
Documents
Payment schedule
The farmer started his activity in the autumn of 2008 on a farm established in the Kelmė district. The main activity of the farm has always been the cultivation of various grain and legume crops. In 2024, the farmer grew the following crops: wheat, peas, and potatoes.
In 2025, the declared land area is planned to be approximately 37 hectares, of which 17 hectares will be wheat, around 17 hectares will be triticale, and about 3 hectares will be left fallow. The farmer owns 16 hectares of land, while the remaining land is rented from private individuals.
The loan is needed to refinance the outstanding balance of a Swedbank loan (approximately €9,000, paid on time) and to obtain working capital for the 2025 season's preparations, including fertilizers, fuel, and seeds.
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.