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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.
PL0002278
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 92.00 ha | 7.00 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 94,362.83 € | 91,022.83 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
The farmer has been farming since 2009, when he took over 7 hectares from his grandfather. Since then, he has managed to expand the farm to 92 hectares, of which 7 hectares he owns. He works independently on the farm and raises dairy cows and crops. His crop structure is 18 ha corn, 16 ha wheat, 4 ha oats and 54 ha clover. His herd consists of 31 milking cows and 12 heifers.
On the farm he uses machinery such as:
- CASE 2022 tractor
- KUN 2022 disc mower
- PRONAR 2024 wrapper
- PRONAR 2023 trailer
- METAL FACH 2023 feed truck
- CASE 2017 tractor
- PRONAR 2015 trailer
- KVERNELAND 2017 rake
- CASE 2013 baler
Future plans are primarily to increase breeding. Next year, another 10 cows and so he wants to systematically increase the herd. In the next 2-3 years he wants to buy the land he currently leases (12ha). He wants to use the funds from this loan to buy 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.