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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.
PL0002499
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 105.00 ha | 36.00 ha |
| 2024 | 2023 | |
|---|---|---|
| Revenue | 55,857.89 € | 40,946.46 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
The farmer has been farming since 1993, when he took over 12ha from his uncle. Since then he has managed to expand the farm to 105ha, 36 of which he owns. On the farm he works independently and is engaged in crop production. His sowing structure is 55ha of winter wheat, 20ha of corn and 30ha of spring wheat.
On the farm he uses machinery such as:
- CASE tractor 2010
- CASE tractor 2019
- HARDI sprayer 2013
- VECTOR combine 2018
- GASPARDO cultivating and seeding unit 2013
The farmer's main goal is to switch to no-till next year. To do so, he needs to purchase no-till machinery, which will allow him to increase the long-term productivity of his farm with less interference with his soil. He has already applied for grants to purchase the machinery, but is still waiting for a decision. If he is unsuccessful in receiving this grant to purchase the machinery then he will rent the machinery next year and purchase it in 2 years.
The funds from the loan will be used to purchase fertilizers, crop protection products and fuel.
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.