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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.
PL0002301
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 55.00 ha | 19.46 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 202,307.00 € | 218,077.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
The farmer has been farming since 2002, when he took over 16ha from his parents. Since then he has managed to expand his farm to 55ha of which he owns 19ha. The farmer on the farm works together with his wife and they are engaged in dairy farming and crop production. His sowing structure is 25ha of corn, 8h of wheat, 4ha of triticale, 3ha of rye, and the remaining 15ha is grassland. His farm consists of 63 dairy cows and 15 heifers for calving.
On the farm he uses machinery such as:
- FOTON tractor 2007
- CLAAS tractor 2005
- MASSEY FERGUSON tractor 2008
- KUHN seeder with seeding unit 2014
- KUHN rotary plow 2019
- KUHN rotary plough 2017
- AMAZONE fertilizer spreader 2019
- METAL FACH manure spreader 2014
- PRONAR trailer 2020 x2
- NEW HOLLAND baler 2021
- ALIMA-BIS feed wagon 2020
The farmer plans to expand his herd of dairy cows to 100 head in the next 3 years, which will significantly increase his revenue opportunities.
The loan funds are to be used to purchase heifers.
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.