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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.
PL0002457
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 35.00 ha | 12.00 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 24,215.45 € | 14,801.35 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
The farmer has been farming since 2021, when he took over 4ha from his parents, since then he has managed to expand the farm to 35ha of which he owns 12ha. The farmer runs the farm independently and is engaged in crop production. His sowing structure is 14ha of wheat, 4ha of rapeseed, 2ha of beet, 4ha of corn, 6ha of beans and 5ha of mustard.
On the farm he uses machinery such as:
- MASSEY FERGUSON tractor 2022
- PRONAR trailer 2022
- AGRO LIFT aggregate 2022
- AKPIL plow 2022
- KRUKOWIAK sprayer 2022
- BATYRA no-till unit 2023
Over the next 5 years, the farmer plans to steadily expand his farm with new leases and their gradual buyout.
Funds from the loan are to be used to make a down payment for the purchase of a CLAAS dominator combine harvester.
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.