The farmer got granted an individual guarantee of 80% provided by a governmental development institution Agricultural Credit Guarantee Fund. Individual guarantee means that in case of a default, the Fund pays the difference between the unpaid credit amount or any portion thereof, and the income received by the credit institution from the exaction. Please read more about individual guarantees and benefits this scheme provides for investors in our news section.
With this project, we invite you to invest in the expansion of the farm's technical fleet. The funding received will be used to purchase a used 2016 combine harvester Rostselmash ACROS 580. The loan will be secured by the pledge of three heavy equipment units.
The farmer, who has been engaged in the agriculture sector since 2003, currently cultivates a 243.68 ha mixed farm in the Zarasai district. 125 beef cattle and crops are grown there.
Today the crops fields are sown on over 60 hectares of land, but the farmer is planning to expand crops territory in the near future.
To improve the efficiency of the farm, the businessman is borrowing 102.000 € for the final payment for the Rostselmash Acros 580 combine harvester. The farmer bought this combine in 2017 when it was still brand new and received a 4-year deferral of payment. Therefore by that time he paid only VAT and remained in debt for the 102.000. € The property valuation showed that the current value of the combine harvester is 66.800 € including VAT, therefore the farmer additionally pledges a tractor and a shredder. Besides, the project owner has received an 80% individual state guarantee for the implementation of this project.
Area of declared land: 243,68 ha, from which 200,72 ha are owned by the farmer.