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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.
PL0000606
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 4.74 ha | 1.74 ha |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
The owner of the project has been operating his farm since 2007, ever since he inherited it from his grandparents. The farmer specialises in dairy cattle breeding and also grows some crops. Mainly triticale, rye and wheat are being cultivated. Corn is also being grown as fodder for the cattle.
The project owner maintains the farm himself and hires an additional worker during harvesting season. His machinery fleet consists of all equipment necessary to maintain the farm, including tractors and harvesters.
Now the farmer is borrowing 7 693 EUR to purchase more dairy cattle. The loan will be secured by 1,74 ha of land.
The owner of the project declares 4,74 ha of land, of which 1,74 ha are owned.
Annual interest - 13,5%
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.