The borrower has been engaged in the agricultural sector for nine years and now manages 99,18 ha of agricultural land in the Raseiniai district, from which 14 ha is owned by himself. Crop production is developed on the farmland - there is cultivated wheat, barley, and rapeseed.
The farmer is planning to expand his farm fleet with a telescopic tractor. This particular loan is assisting the businessman with a 31 500 € working capital, from which the borrower will purchase the telescopic loader. Currently, the farm’s technical fleet consists of several tractors, combines, trailers, and other heavy-duty machinery.
The farmer is looking for ways to make the farm more efficient. Therefore, the businessman is planning to acquire a grain dryer in the near future and to replace some existing agricultural machinery units with newer and more efficient ones.
Minimum loan term: 4 months