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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.
PL0002333
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 47.00 ha | 14.00 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 83,995.81 € | 61,407.99 € |
| Net profit | 34,305.05 € | 33,817.86 € |
| Equity ratio | - | - |
Documents
Payment schedule
The farmer has been farming since 2003, when he took over 4ha from his parents. Since then, he has managed to expand the farm to 47ha, 14 of which he owns. He runs the farm together with his wife and son and they are engaged in dairy farming and crop production. His farm consists of 40 milking cows and 20 heifers. The sowing structure is 20ha of corn for silage and 7ha of wheat, while the rest of the farm is grassland.
On the farm, the farmer uses machinery such as:
- DAF-AGRO forage truck 2014
- LEBOULCH manure spreader 2013
- WELGER round baler 2016
- RENAULT ARES tractor 2010
- JOHN DEERE tractor 2009
The farmer plans to modernize the barn in the next 2 years to increase the maximum occupancy to 100 cattle and increase the number of milking cows to 80 cows within 5 years.
The farmer will use the funds to purchase cows in order to increase his herd and thus the income generated by the farm and refinance more expensive loan.
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.