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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.
LV0002297
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 110.00 ha | 40.00 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 76,863.00 € | 86,513.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
The borrower manages a total of 110 hectares, with 40 hectares owned and the remainder leased.
The farm is fully equipped with essential machinery, including two tractors, a wrapper, mower, swather, baler, trailer, cultivator, plow, and planer. The primary operations involve vegetable cultivation, beef cattle, and dairy cows. The farm currently raises 25 dairy cows and 27 beef cattle.
The project owner has a good repayment history, having successfully repaid three previous loans to the HF community, and currently has three active loans with a total outstanding balance of 20 334 €.
Now, the project owner is borrowing additional 9 000 €, the amount will be used to purchase additional fuel and cover necessary machinery repairs, ensuring the farm remains fully operational. She is pledging her residential property as collateral.
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.