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Fully invested

LT0000285, Loan for the acquisition of new agro machinery

Raised:
10 000.00 €
Goal:
10 000.00 €
Loan number
LT0000285
Yearly return rate
13.5 %
Goal
10 000.00 €
Loan period
27 Months
Risk rating
B
Extra measures
Sole accountability
Investors
46
Location
Lithuania
Secondary market
Introduction
Detailed Information
Project owner
Project risks
Documents

Secondary market

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Introduction

Sole accountability

This loan is secured by sole accountability from the project owner. Read more about this security measure here.

About the project

Nowadays farmers understand that in order to maintain a competitive and viable farm, it is necessary to modernize it and upgrade technologies and machinery.

The young farmer has a lot of energy to expand the farm and has included several new improvements in his future plans, but working with old machinery causes unnecessary risks and insufficient efficiency which are the main obstacles to further development.

Encouraged by his parents and inspired by the idea of ​​farming, the farmer grows the main cereals: rye, barley, rape, peas. Today, the farmer is not planning to experiment with new crops but relies on experience, convenient sales, and profitability indicators. In addition to cereals, the farm began growing strawberries, which have already made a profit this season.

A working capital loan is requested for the acquisition of the drill.

The total area of ​​arable land on which crop activities are carried out together with relatives is 19.5 hectares 

Area of declared land:  4.65 hectares, from which 4.65 hectares are owned by the project owner

Annual interest

  • Fixed annual rate 13,5 %

Detailed Information

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Project owner

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Project risks

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Documents

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