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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.
LV0000599
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 100.00 ha | 3.00 ha |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
The owner of the project has been a registered farmer since 2019. Located in Aglona, Latvia, the farm mainly focuses on dairy farming and grain production. The farm currently has 6 cows and 6 pigs and plans to sow 30 ha of summer wheat in the upcoming season.
The project owner has all the necessary machinery needed to maintain the farm, including 2 tractors, combine, cultivator, plow, discs, seeder, sprayer, spreader, press, swather.
Now the farmer is borrowing 4 500 € in order to increase the working capital. The funds will mainly be used to buy 6 additional cows. The loan will be secured by a pledge on two units of machinery.
The project owner declares 100 ha, of which 3 ha is owned.
Annual interest - 13%
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.