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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.
PL0002423
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 53.00 ha | 53.00 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 114,353.72 € | 111,731.59 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
The farmer runs the farm until 2005, when he took over 20ha from his parents, since then he has managed to expand the farm to 53ha of which he owns the whole thing. On the farm, the farmer works independently and is engaged in crop production and breeding beef cattle. His herd consists of 2 heifers, 15 calves up to six months 15 calves over a year and 10 head over a year and a half. His sowing structure is 10ha of rapeseed, 10ha of beet, 5ha of winter barley, 3ha of triticale and 25ha of wheat.
On the farm he uses machinery such as:
- CLAAS combine harvester 2012
- KRUKOWIAK sprayer 2022
- DEUTZFAHR tractor 2022
- ROL TRANS manure spreader 2022
- ZETOR tractor 2010
The farmer plans to increase his herd of beef cattle to 70 head in the next 5 years, to this end he plans to modernize his barn next year to accommodate more head and gradually buy them in.
The loan proceeds are to be used to refinance the farmer's 4 loans into one commitment.
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.