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
The risk class for this loan provided by the originator is B.
The value of the property pledged: 69 900 €
Loan to current asset value ratio: 45%
The Interest will be paid monthly.
The Interest is calculated from the date on which the loan amount is paid.
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.
|28.02.2021||Paid||No||24 February 2021, 00:00|