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.
PT0000449
Project owner | Address |
---|---|
header_1 | Declared | Owned |
---|---|---|
Farming land | - | - |
Revenue |
Net profit |
Equity ratio |
Sole accountability
This loan is secured by sole accountability from the project owner. Read more about this security measure here.
About the project
The project owner previously worked in the metallurgical industry and is now changing her lifestyle to pursue her passion for farming. The businesswoman is now managing her small sustainable farmland, which has been passed down in her family for 3 generations and that she inherited a couple of years ago. She grows pears, apples, peaches, oranges, kiwis, and persimmons on her two hectares of land.
The farmer invested her time wisely during the last two years of the pandemic and was intensively developing the farm processes, and started to sell her harvest to locals. This prompted her business to gradually grow, while gaining a strong acceptance of the local community, including local restaurants and grocery stores. Now the businesswoman is willing to invest in the development of the farm and purchase necessary equipment and working tools.
Annual interest - 15%
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.