Create an account to make your first investment in only few steps!
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.
PL0000501
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | 65.00 ha |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
The owner of the project has been developing his farm for over 20 years now. The farm has a long-standing contract with a dairy collector where it sells milk, additionally it engages in cattle breeding for meat and grows cereals. The farm is equipped with number of machines, with which the project owner additionally provides agricultural services to other farms.
Despite already being pretty established the project owner is still actively looking for ways to improve his farm. In the last 2 years the farmer bought additional 1,5 ha of land and built a cowshed and a shed. Because of these upgrades he has been able to further increase the number of cattle.
Now, due to a rapid increase in prices, the farmer needs funds to purchase fertilizers, plant protection products, foil and netting for bales and haylage for the cattle. That is the main purpose of this loan, for which the farmer is borrowing 24.070 €. The loan will be secured by a pledge on three items of machinery.
Annual interest - 12,5%
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.