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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.
PT0000469
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 0.50 ha | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Sole accountability
This loan is secured by sole accountability from the project owner. Read more about this security measure here.
About the project
Prior to opening his own farm in September 2019, the project owner used to work for a business that provided services for medium and large gardening companies. He started his business with buying young trees to nurse and grow, such as olive and chestnut trees and as it expanded, he focused more on catering plants and services to farmers and opened his own tree nursery in June 2020, where he can grow more plants, keep more stock and equipment.
At the moment, his company employs 3 other workers and offers a diverse range of services, related to the sale and maintenance of trees and bushes for agriculture and gardening, including pruning and trimming. Even during the peak of the pandemic his business was having record sales.
Throughout time the project owner discovered a big demand for organically grown plants, he then concluded that the next logical step would be to build a greenhouse where he could grow citrus, tropical and other native fruit trees - that is the main purpose of this loan.
The farmer is dedicated to intensive and sustainable plant growth. With the greenhouse he will be able to take advantage of the rich soil for plant nutrition, focusing on defense mechanisms, phylogenetics and biological diversity. The project owner hopes that this will be the stepping stone to be able to fulfill national and international level demand in the foreseeable future.
Annual interest - 12.5%
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.