You're reading the May 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 May 2025 was €1,417,200 (all-time record!) across 43 projects (avg. project value €32,958). The breakdown by country is as follows:
The share of loans issued in May that were backed by either land/property or machinery in each market was the following: Romania 94%; Lithuania 100%; Latvia 90%.
99 new investors registered on the LANDE Platform in May.
LANDE investors earned a total of €90,085 in interest in May, with the all-time total having now reached the major milestone of €3 million.
Internal teams (technical, legal, and business) are conducting the final preparations for the pre-publish interest feature, which will compensate investors for the period between investment and loan issuance, as well as for the A–F scoring system to indicate loan quality. Several infrastructure and user experience improvements are also underway.
The Investor Relations team reported a stable number of customer support tickets submitted in May compared to the previous month, with no significant issues generating high ticket volumes.
Cashback opportunities
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).
Additionally, for a limited time, larger investments will be generously rewarded with the Portfolio Booster Cashback Campaign, as follows:
Level 1 – Invest €500, get 0.5% cashback
Level 2 – Invest €1,000, get 1% cashback
Level 3 – Invest €5,000, get 2% cashback
Note: cashback applies automatically when the amounts above are invested in a single project.
Loan repayment statistics
At the end of May there were 1,495 projects funded through the LANDE platform, of which 765 had been repaid in full while 730 were active, with their repayment status detailed below (+comparison with previous month):
Loan repayment statistics
At the end of May there were 1,495 projects funded through the LANDE platform, of which 765 had been repaid in full while 730 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 €333,565 in May, while the all-time total has reached €17.7 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:
In May, the Latvian team made significant progress in debt recovery, achieving nearly full recovery across five key projects (IDs: 221222-883308, 231205-453854, 231206-614385, 240215-60403, 211112-214227). Approximately 20% remains to be recovered in these cases, and we expect continued progress in the coming months. Several projects are on track to be fully recovered and will no longer be considered at risk of default.
LANDE has strengthened its collaboration with our legal partners, including a more proactive approach with the bailiff. We now request written updates for each case, which has already led to improved results. Additionally, we’ve expanded our Debt Collection team with a new hire dedicated to early-stage delays, which we anticipate will further improve performance in the near future.
On the agricultural side, weather conditions in Latvia have been favourable, with no signs of risks to the season so far. Recent farm visits confirm that farmers are optimistic about the growing season ahead.
Romania:
May marked a milestone for LANDE in Romania, with the highest monthly project volume recorded this year: €464,150. This growth reflects our continued efforts to build strategic partnerships, increase brand awareness in the local market, and enhance our digital marketing performance.
On the debt recovery front, we successfully closed one defaulted loan (ID: 32456508) following enforcement action by the bailiff. Substantial recovery progress was also made on two other defaulted loans:
32434545 – Full repayment is expected in June through the bailiff, after which the loan will be officially closed.
32419993 – The default status is expected to be resolved in June as the client is in the process of refinancing.
In addition, four land plots tied to another defaulted loan (ID: 230327-149177) were successfully sold at auction. We are now awaiting the transfer of funds, after which recovered amounts will be distributed to investors.
Lithuania:
In May, increased marketing efforts in the Lithuanian market yielded positive results. We saw the return of previous clients who had collaborated with Lande, alongside growth in our client portfolio with new borrowers. Most of the client loans are aimed at agricultural development, particularly for the purchase of machinery and land. The number of applications also rose significantly, and thanks to the gradual expansion of the Lithuanian team, we were able to process them quickly and efficiently.
The debt collection process remained stable throughout the month, with regular payments received from bailiffs. We’re also pleased to report the full recovery of another defaulted project in May, with the entire amount successfully reclaimed from the debtor.