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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.
PL0002359
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 30.00 ha | 5.00 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 63,764.34 € | 60,568.47 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
The farmer has been farming since 1996, when she took over 1ha from her parents. Since then, she has managed to expand the farm to 30ha. She farms independently and raises dairy cattle. Her herd consists of 28 milking cows, 8 high calving heifers, 5 bulls over 300kg and 27 youngsters.
On the farm she uses machinery such as:
- SAMASZ mower 2021
- KVERNELAND plow 2010
- SAMASZ rake 2018
- PRONAR fertilizer spreader 2020
- RECORDIA agricultural septic tank barrel 2010
The farmer plans to expand his dairy herd to 60 milking cows and 120 beef cattle in the next 5 years. He wants to start buying his leases outright and make equipment upgrades on the farm.
The loan funds will be used to purchase 5ha of 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.