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Fully invested

LT0000283, Loan for small agricultural machinery

Raised:
10 000.00 €
Goal:
10 000.00 €
Loan number
LT0000283
Yearly return rate
14.5 %
Goal
10 000.00 €
Loan period
39 Months
Risk rating
B
Extra measures
Sole accountability
Investors
50
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

Farmer's motto - less talk, more work! We have our hands, we are hardworking, we have a land, all we have to do now is use it all correctly, - says the farmer. Today, the farmer grows wheat, barley, and peas on his arable land. These crops were chosen not by chance, but because the grain sector is a strategic sector and one of the most important in the food chain, ensuring the supply of food to the country's population.

He uses 4 tractors and a harvester on his farm, also owes few plows, cultivator, and seed drill. Having quality and necessary equipment dramatically facilitates farm work and leaves some free time to consider other opportunities and development prospects.

The farmer applies for a working capital loan, which will be used for the purchase of small agricultural machinery.

Area of declared land: 22,91 hectares, from which 3,15 hectares are owned by the project owner

Annual interest - 14,5%

Detailed Information

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Project risks

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Documents

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