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LANDE Platform Performance Report – February 2025

You're reading the February 2025 edition of LANDE's Platform Performance Report, which we publish monthly to highlight our progress in loan issuance and debt collection and provide insight into other platform or team developments. 

The total amount farmers borrowed through the LANDE platform across our three markets in February 2025 was €932, 276 across 34 projects (avg. project value €27,419). The breakdown by country is as follows: 

The share of loans issued in February that were backed by either land/property or machinery in each market was the following: Romania 100%; Lithuania 85%; Latvia 89%.  

119 new investors registered on the LANDE Platform in February. 

LANDE investors earned a total of €109,844 in interest in February, with the all-time total having now reached €2.64 million. 

The Investor Relations team reported a stable number of customer support tickets submitted in February compared to the previous month, with no significant issues generating high ticket volumes. 

The IT team has been focused on optimizing performance and enhancing security, ensuring a faster and more reliable platform for investors. Recent upgrades to servers, caching, and database queries have improved connection speeds by nearly 50%. Additionally, the team has refined auto-invest, improved notifications, and resolved Google login issues. Work is also underway to expand automated testing and prepare for a major system framework upgrade, keeping LANDE efficient and secure for the future. 

The 3% cashback campaign continues!  

New investors get 3% back on all investments they make on the Primary Market in the first 30 days on the platform using this link. Additionally, all investors will get a 1% referral bonus for recommending our platform to a friend using the unique referral link on their dashboards (bonus applies to the investments made by the referred user in the first 30 days). 

Loan repayment statistics 

At the end of February there were 1,337 projects funded through the LANDE platform, of which 681 had been repaid in full while 656 were active, with their repayment status detailed below (+comparison with previous month):

Loans with collateral consisting of livestock and harvest hold the highest shares of 90+ day delays, which is why we have been moving away from these collateral categories and focusing more on securing projects backed by land and/or machinery. 

Repaid principal totalled €880,746 in February, while the all-time total has reached €15.72 million.  

More real-time portfolio data can be found on our statistics page.  

Debt collection stages

Below is a breakdown of debt collection stages for delayed loans. Most of the 90+ loans are already in the enforcement phase with bailiffs engaged in recovering the value of the collateral.

Details about debt collection stages can be found here.  

Market highlights 

Latvia: 

February was a positive month not only in numbers, but also in terms of mood for farmers, because it was the last cold month of the  year and all of the winter crops survived. This means that winter was very helpful for farmers and they are very optimistic about the upcoming season and their crop quality. 

In February, the Latvian debt collection team managed to close and fully recover project 12421858, with a total value of 108,600 EUR. 

The team is in talks with clients that have slight delays because of the late distribution of subsidies, but clients are finding different ways to repay loans and being on time on interest payments. 

Romania:  

Based on feedback from our farmers, the weather so far has looked promising for Romanian agriculture, with favourable temperatures for crops. The season for winter crops should be good if nothing unexpected arises. 

In February, LANDE joined the Romanian Fintech Association, which will support our growth in the local market through member support, new collaborations, and increased brand awareness. We also started two new partnerships with brokerage companies, which will bring additional leads to LANDE. 

Additionally, we've made several internal changes in client analysis to focus on improving the quality of projects, with an emphasis on lower LTV and issuing more loans backed by real estate—not only land but also liquid assets like houses and apartments in good locations, getting a strong position through potential collateral selling. 

Lithuania:  

In February several clients returned to LANDE with improved collateral, mainly consisting of land. Farmers are actively preparing for the new agricultural season and we have an increase in loan requests from new customers. A key factor in the financial situation are the anticipated payments from the rural support agency, which are expected to be disbursed in the coming months. This financial aid should have a positive effect on delayed repayments and defaults. Meanwhile, in the Lithuanian market, strong communication with clients has remained crucial in preventing new defaults and maintaining a stable lending environment.

 

20.03.2025
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