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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.
PL0002226
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 94.00 ha | 18.80 ha |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
The farmer has operated the farm since 2004, when he took it over from his father of 2ha. Since then, he has managed to expand the farm to 94ha, 18.8ha of which he owns. On the farm he is engaged in crop production (organic). He works independently and seasonally employs workers. His sowing structure includes 20ha of wheat, 7.5ha of rapeseed, 12ha of rye, 22ha of lupine, 3ha of mustard seeds, and the rest is grassland. On the farm he uses machinery such as:
- HL trailer 2020
- AGROMASZ cultivating unit 2015
- KVERNELAND rotary plow 2015
- AGROMASZ disc harrow 2015
- WOPROL spreader 2015
- FARMTRAC tractor 2013
- NEW HOLLAND tractor 2019
In the next 3 years, the farmer plans to expand organic production and start selling flour, which will allow him to generate more income. In addition, he plans to increase his farm to 100ha.
The loan proceeds will be used to refinance the loan and purchase a mulcher.
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.