This loan is secured by sole accountability from the project owner. Read more about this security measure here.
The farmer, who has taken over the knowledge about the development of the farm from her father, is currently managing a 39.23-hectare owned farm in Jurbarkas area. The total family farm area is 150 hectares. 45 dairy cows are grown on the farm's astures, as well as a portion of the land is dedicated for crops - maize and clover for cattle fodder, and wheat for sale.
The farmer borrows some of the neccesary equipment from her father, but has already purchased her own equipment, rollers and a semi-trailer, under the Young Farmer Support Program.
The young agri-entrepreneur plans to expand the farm and improve her technical fleet in order to increase the farm's productivity. The project owner is planning to apply to the National Paying Agency for support for purchasing two tractors, a cultivator, and a baler. For now, the farmer is borrowing to increase the farm's working capital.
In addition to investing in machinery, the farmer also plans to expand the farmland and increase the number of cattle kept.