You're reading the April 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 April 2025 was €1,064,271 across 39 projects (avg. project value €27,289). The breakdown by country is as follows:  

The share of loans issued in April that were backed by either land/property or machinery in each market was the following: Romania 100%; Lithuania 100%; Latvia 90%.  

89 new investors registered on the LANDE Platform in April. 

LANDE investors earned a total of €104,155 in interest in April, with the all-time total having now reached €2.9 million. 

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

The Platform Development team has introduced a new "Upcoming" status for projects, enabling the sales team to pre-publish loans and make them visible to investors before funding begins. Development is underway on a pre-publish interest feature, which will compensate investors for the period between investment and loan issue. The team is also finalising a new default rate page, featuring an A–F scoring system to assess loan quality. Several internal improvements have been made as well, including the addition of a new team member. 

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 April there were 1,452 projects funded through the LANDE platform, of which 748 had been repaid in full while 704 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 €758,565 in April, while the all-time total has reached €17.4 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 April, the Latvian team focused strongly on improving service quality. 
Several new partnerships were launched to provide existing clients with high-quality products such as raw materials, mineral fertilizers, and more. Multiple new marketing campaigns were initiated to reach new clients, including the filming of fresh video content. These types of activities are especially important as farmers prepare for and begin the agricultural season. 

A total of €111,000 was issued to clients who had previously successfully repaid their financing independently and have now chosen LANDE again as their trusted partner. 

Meanwhile, the debt collection department has actively initiated cooperation with an attorney, assigning cases for monetary recovery and legal representation in court. All procedures are being properly followed, and deadlines are being met. The first results in recovering funds from these debtors are expected soon. Additionally, all new debtors (delay more then 90 days) are secured with physical collateral. 

Romania:  

As farmers prepare for the upcoming agricultural season, Romania has seen a steady flow of new loan inquiries, reflecting growing interest in financing. Our team continues to focus on personalised support and quick response times to meet this demand. In terms of recoveries, we reached an important milestone with the successful sale of land via auction — a first for our debt recovery efforts. We also expect two more default cases to be resolved by the end of May or early June, with positive expectations for fund recovery through ongoing bailiff procedures. The recent addition of a new Risk Analyst with over 10 years of experience, including in the agricultural sector, significantly enhances our internal capacity for risk evaluation. 

Lithuania:  

April was a dynamic month for the Lithuanian market. With the start of the farming season, loan inquiries from farmers increased noticeably — a trend that continues to motivate the team. We were also pleased to welcome a new colleague to the sales department, who is already actively engaging with new clients. In total, EUR 274,000 worth of loans was published in April. On the debt collection side, the situation remains stable, with no new cases handed over for recovery, as we continue to prioritise alternative resolution methods. Notably, Lithuania maintains the lowest rate of delayed loans across markets, driven by effective management.