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.
PL0002315
Project owner | Address |
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header_1 | Declared | Owned |
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Dirbama žemė | 65.00 ha | 42.00 ha |
2023 | 2022 | |
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Revenue | 118,870.26 € | 136,699.01 € |
Net profit | - | - |
Equity ratio | - | - |
The farmer has been farming since 2011, when he took over 21ha from his father, and has since expanded his farm to 65ha, of which he owns 42ha. On the farm, he is involved in crop production. He works independently. His sowing structure consists of 14ha of rapeseed, 5ha of corn and the rest is wheat.
On the farm he uses machinery such as:
- tractor JOHN DEERE 2023
- harvester JOHN DEERE 2015
- tractor NEW HOLLAND 2013
- spreader KVERNELAND 2022
- seed drill AMAZONE 2021
Over the next three years, the farmer plans to regularly buy new machinery to work with, and has plans to install a GPS system in one of his tractors. In addition, he plans to expand the acreage by at least 20 ha this year.
The loan is to be used to refinance loans from HF and purchase additional land.
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.