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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.
PL0002243
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 40.00 ha | 12.00 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 52,533.23 € | 35,513.87 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
The farmer has been farming since 2017, when he took over 12ha from his parents. Since then, he has managed to expand the farm to 40ha of which he owns 12ha. He works independently on the farm and raises dairy cows and crops. His sowing structure is 6ha of triticale, 6ha of oats, 3ha of rye, 10ha of corn and 15ha of grassland. His herd consists of 22 milking cows, 8 beef cattle and 15 heifers.
On the farm he uses machinery such as:
- NEW HOLLAND tractor 2022
- METAL FACH trailer 2022
- BIARDZKI sprayer 2022
- AGROMASZ corn grain seeder 2022
- AGROMASZ lime seeder 2022
The farmer plans to expand his beef cattle farm in the near future, and is currently completing the construction of a bull shed that will allow him to increase his herd. The loan proceeds will be used to purchase beef cattle.
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.