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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.
LV0001977
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 117.00 ha | 20.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 175,946.00 € | 126,353.00 € |
| Net profit | 49,156.00 € | 22,627.00 € |
| Equity ratio | 68.08% | - |
Documents
Payment schedule
The DOLCETTA company was founded in 2008 and has been growing hemp since 2013. It is located in "Āpjos", Talsu district, Strazde parish. SIA DOLCETTA has received biological certificates of conformity for both the hemp growing process and the production of hemp products (LV-BIO-01). Oil and other products are made from hemp, you can visit its own website here https://www.kanepjuseklas.lv
Today, the total managed area is 117ha, of which 20ha is owned. For the next season, it is planned to sow 60ha of hemp, 25ha of white clover, and 35ha of buckwheat.
The machinery includes a combine harvester, tractor, seed drill, plow, cultivator, and spreader. The farm has a total of 3 employees.
The existing loans are paid without any delays. This loan is needed to cover fuel and some repair costs.
The loan will be secured by a second-rank mortgage of Tractor Valtra T150 (made in 2004) and Tractor Belarus 820 (made in 2015), the first-lien mortgage was provided for HeavyFinance loan LV0001063.
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.