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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.
PL0002568
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 42.00 ha | 9.00 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 168,257.03 € | 137,521.26 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
The farmer has been running the farm since 2012, when he took over 9ha from his parents, and since he has increased it to 42ha. On the farm he is engaged in crop production and dairy farming. He works independently on the farm. His sowing structure consists of 11ha of beets, 20ha of wheat, 7.5ha of corn and the rest is grassland. His herd consists of 24 milking cows including 16 heifers.
On the farm he uses machinery such as:
- LANDSTAL no-till cultivator 2022
- AGRO-MASZ disc harrow 2024
- PROMAR sprayer 2018
- AKPIL plow 2019
- MOSKIT disc harrow 2017
In the next 3 years, the farmer plans to expand the herd, he wants to reach a minimum of 30 milking cows, in addition, he plans to buy out the leased land.
The loan is to be used to purchase fertilizers and crop protection products.
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.