This project provides the investor's community with an opportunity to invest in a loan, secured by a first-rank mortgage on 39,2 ha of arable land in Lithuania.
The project owner Osvaldas Gritėnas started farming in 2007 and has been expanding the farming territory since then. Now the farm declares 248 ha of arable land, has two tractors, a combine harvester among other equipment needed for farming.
Part of this land is being used to raise sheep. It is a quite uncommon farming activity in Lithuania, however, an increasing number of farmers start raising domestic sheep due to higher prices of lamb in international markets. Furthermore, another part of the land is dedicated to ecological farming. Osvaldas, therefore, receive more money in subsidies because ecological farming is one of the EU supported priorities.
The funding target for Osvaldas project is €83.000. He is willing to use this money for both debt refinancing and to prepare for the new season.
The risk class for this loan provided by the originator is A.
Estimated subsidies for 2020
Interest will be paid monthly.
If the project owner does not collect the amounts to be financed, the collected funds will be returned to the funders by transferring them to the account from which they were transferred. The Platform Operator also has the right to offer the Project Owner to reduce the amount to be financed during the Project financing term or to extend the Project financing term. In this case, if the amount to be financed is reduced or the term of financing the Project is extended, it shall in all cases be announced on the Platform and the Fund's financiers shall be informed.
|06.02.2021||Paid||No||02 February 2021, 00:00|
|06.03.2021||Paid||No||23 February 2021, 00:00|