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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.
PL0002351
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 18.60 ha | 14.60 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 99,412.81 € | 94,463.37 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
The farmer has been farming since 2016, when he took over 8 hectares of land from his parents. Since that port he has managed to expand the farm to 18.6ha of which he owns 14.6ha. The farmer runs the farm together with his wife, and during seasonal harvests he employs about 5-10 people to help. The farmer runs a fruit and vegetable farm, and his crops consist of 3ha of strawberries, 2.2ha of cherries, 1.4ha of cherries, 6ha of apples, 0.4ha of pears, 1.6ha of pre-crops, 0.3ha of cucumbers, 0.3ha of zucchini, 1ha of potatoes, 0.3ha of carrots, and 2ha of wheat.
On the farm he uses machinery such as:
- MASSEY FERGUSON orchard tractor 2004
- BOMET soil planter 2021
- KVERNELAND cultivator 2017
- DITTA SERIES orchard mower 2016
- LISICKI orchard sprayer 2019
- ARGO strawberry sprayer with auxiliary air flow 2016
- KVERNELAND disc harrow 2014
- UNIA KOS cultivating unit 2012
The farmer plans to expand his strawberry plantation in the next 3 years and put up 2 tunnels, which will allow him to grow strawberries year-round and enter into cooperation with supermarkets, as he will have the opportunity to sell strawberries year-round. In July, the farmer entered into a partnership with a company that will erect energy storage facilities on 3ha of his land next year, which entitles the farmer to an annual fixed income of 35,000 euros.
The farmer needs funds for new plantings of pear trees and apple trees in order to replace his orchards with new varieties, in order to increase revenue.
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.