You're reading the June 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 June 2025 was €1,142,124 across 42 projects (avg. project value €27,193). The breakdown by country is as follows:
The share of loans issued in June that were backed by either land/property or machinery in each market was the following: Romania 80%; Lithuania 87%; Latvia 91%.
87 new investors registered on the LANDE Platform in June.
LANDE investors earned a total of €93,613 in interest in June, with the all-time total having now reached €3.1 million.
The Investor Relations team reported a stable number of customer support tickets submitted in June compared to the previous month, with no significant issues generating high ticket volumes.
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Loan repayment statistics
At the end of June there were 1,537 projects funded through the LANDE platform, of which 783 had been repaid in full while 754 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 €503,222 in June, while the all-time total has reached €18.2 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:
We successfully closed two loans (230315-275359 and 230308-584783) marking strong progress in our debt collection efforts. While the groundwork was laid in June, the impact will be clearly reflected in July’s numbers, as we are now awaiting the receipt of funds.
Traditionally, June is a quieter period for farmers. However, this year we observed an encouraging shift: farmer activity remained high, with more loan applications than usual. Based on current momentum, July is on track to bring in a solid number of new clients, mirroring the positive trend we’ve seen in Lithuania.
In parallel, we also focused on preparing for Traktordiena — the largest farming event in Latvia, held in Tērvete. There, we presented our new product, LANDE Club, a tool designed to help farmers purchase agricultural inputs directly from manufacturers at better prices. We used the opportunity to engage with farmers on the ground, gathering valuable feedback and building relationships that will shape the next stages of development.
Romania:
LANDE Romania has been accepted into the Romanian Microfinance Association, further strengthening our local credibility and positioning. A key milestone this month is the appointment of Oana Zglobiu as Director, bringing over 20 years of experience in finance and microfinance to lead our market expansion.
Recent meetings with both new and existing farmers reflect strong optimism, fueled by expected higher agricultural yields compared to previous years.
Lithuania:
In June, marketing efforts in Lithuania grew significantly, generating strong interest from farmers and a large number of new leads. While overall sales remained average for the month, the momentum created has led to a very promising start in July. We also saw heightened interest in loans secured by harvest pledges, but maintained heightened collateral requirements to ensure the quality of our portfolio.
We are currently awaiting confirmation of EIF guarantees, which will help us expand our offering. Operationally, the Lithuanian team continues to perform with focus and strong collaboration, with no major challenges. In terms of debt collection, June remained stable: we received payments from bailiffs as expected and had no new overdue accounts.