Descripton

Introduction

Laima Čepkauskienė launched her company in 1991 owning 20 hectares of arable land. Due to hard work, her agricultural business grew into a large farm with 311 ha of arable land. 172 ha of this land she owns and the rest is being rented from others.  
 

The whole family works on the farm and Laima also hires 4 more employees. The team takes care of 400 cattle, most of which are dairy cattle. Besides, part of the land is dedicated to growing corn and wheat among other grain crops. Some of the crops are being used to feed the cattle and some are sold.  
 

The farm already has a tractor, sprayer, telescopic loader and other heavy-duty vehicles. Now Laima decided to acquire a used combine harvester New Holland CR9080 for €66.5050 including VAT.

Risk class

The risk class for this project is A.

Collateral

• Used 2007 combine harvester New Holland CR9080 (66 550 € VAT included, the value is based on the seller's commercial offer)
• Used 2015 JCB 530-70 loader (24 700 € VAT included, determined by an independent property valuation)

Value of mortgaged property: €91 250

Loan to current asset value ratio: 70%

Detailed Information

The project owner will repay the principal according to the schedule below:

• 2021-12 (€17 918)
• 2022-12 (€18 097)
• 2023-12 (€27 860)

Interest will be paid monthly.

Project owner

• Laima Čepkauskienė
• Josvainiai, Josvainių sen., Kėdainių r.

Project risks

Project risks:

• There is a risk of losing all the profits made and the funds invested.
• In this case, if the Project Owner fails to fulfill its obligations, the Platform Operator will take all necessary measures to protect the interests of investors and use the provided collateral, but the Platform Operator does not guarantee the full fulfillment of the Project Owner's obligations.
• Financial agreements are not subject to the insurance protection established by the Law on Insurance of Deposits and Liabilities to Investors of the Republic of Lithuania.

Additional information:

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.