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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.
PL0002260
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 11.00 ha | 11.00 ha |
| 2024 | 2023 | |
|---|---|---|
| Revenue | 219,954.72 € | 178,583.45 € |
| Net profit | - | - |
| Equity ratio | - | - |
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The farmer has been managing his farm since 2015. Over the years, he has expanded the farm to 11 hectares. The current sowing structure includes 3.5 hectares of blueberries and 4.5 hectares of corn, with the remainder of the land used for forest and residential purposes. He operates the farm using several pieces of machinery, including a TAD-LEN orchard sprayer (2017), a TYM tractor (2019), a TYM loader (2019), a TAD-LEN mulcher (2016), and a BOGBALLE spreader (2019).
The farmer has secured contracts with companies such as Jeronimo Martins (Biedronka stores) for his blueberry production. He plans to expand his blueberry plantation over the next three years, aiming to convert the 4.5 hectares currently used for corn cultivation into blueberry production. To achieve this, he requires a loan to invest in critical infrastructure, including the construction of a hydro installation, the purchase of blueberry seedlings, and the installation of cold storage facilities in the field.
The loan will support these key investments, helping to increase blueberry production and improve overall farm output. To secure the loan, the farmer is pledging 4.9 hectares of land as collateral on a fourth-lien mortgage, with a pledge value of at least €79,869. The total value of the asset is nearly €400,000 (or around €305,000 without the blueberry plantation). The existing mortgages amount to €22,000, €4,000, and €47,000, totaling €73,000.
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.