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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.
PL0002491
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 63.00 ha | 28.00 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 130,776.38 € | 127,510.84 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
The farmer has been farming since 2007, when he inherited 17ha from his parents, and has since expanded his farm to 33.1ha, of which he owns 28ha. On the farm, he is engaged in crop production and raising pigs. He works independently on the farm. His planting structure consists of 17ha of wheat, 8ha of rapeseed, 8ha of potatoes, 10ha of corn, 3ha of cabbage, 10ha of alfalfa and 7ha of triticale. His herd consists of 38 head of sows and 370 head of fattening pigs.
On the farm he uses machinery such as:
- ZETOR tractor 2018 r.
- TOLMET sprayer 2022 r.
- AGROMASZ aggregate 2017 r.
- PRONAR spreader 2016 r.
- OVERUM plow 2015 r.
In the next 3 years, the farmer plans to expand into vegetable production. He wants to build a hall that will be used for storing vegetables. In addition, he plans to purchase a vegetable sorting line.
The loan is to be used to complete the construction of the hall (electrical and insulation).
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.