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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.
PL0000640
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 70.00 ha | 40.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 57,116.00 € | 30,488.54 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
About the project
The owner of the project inherited his farm from his father in 1991. Since then he has been mainly focusing on cultivating wheat and breeding cattles. The farmer grows organic rye, triticale, fodder corn and breeds 20 heads of meat cattle.
The owner of the project has been consistently expanding the farm over the years and has now reached 40 ha of owned land, some of which he also leases to other farmers.
Now the farmer is borrowing 16 881 € in order to increase the working capital. The funds will be used to buy seeds and fertilisers for the upcoming season. The loan will be secured by a pledge on a combine harvester.
The project owner declares 70 ha of land of which 40 ha are owned.
Annual interest
- Investing from 100 € - interest 12%
- Investing from 500 € - interest 12,8%
- Investing from 1.000 € - interest 13,5%
- Investing from 2.000 € - interest 13,7%
- Investing from 5.000 € - interest 14%
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.