Kredit-ID: 210810-498096
Seasonal funding for purchase of machinery
Kreditbedingungen
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Betrag €30,000.00
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Laufzeit 2 Monate
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Zinssatz 14%
Beschreibung
This project gives LendSecured investors an opportunity to provide seasonal funding in the amount of € 30 000.00 for a self-employed farmer with an aim to fund a purchase of a new machinery.
This project gives an opportunity to make a loan with an annual rate of 14%, LTV of 50%, loan term of 2 months, with repayment of accumulated interest and principal at the end of the loan term.
Borrower is engaged in mixed farming and cultivates land with a total area of 80 ha. In order to secure the repayment of the loan, the borrower has concluded an agreement for oats sale in volume of 300t. The repayment of the loan will be done, once the harvest will be handed to the buyer.
The borrower is a recipient of government subsidies and support payments from European Agricultural Guarantee Fund and European Agricultural Fund for Rural Development.
The price of oat is not determined by the stock exchange, but buy buyer. Based on the data provided by Latvian Rural Advisory and Training Centre in 2020, the average price of biological oats was EUR 200.00 per ton, supposing the value of harvest around EUR 60 000,00.
To avoid loss of crops due to natural disasters, such as hail, rainfall or storm, the harvest will be insured.
Sicherheit
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Land Latvia, LV
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Sicherheitstyp Getreide
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Wert der Sicherheit €60,000.00
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Beleihungsquote 50%
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Sicherheit Biological oats
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Menge 300t
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Personal Guarantee -
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Versicherung Against loss of crops due to natural disasters, such as hail, rainfall, storm
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Kreditnehmer
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Land Latvia, LV
Bitte loggen Sie sich ein, um die vollständigen Kreditdetails zu sehen.
Sicherheit
-
Land Latvia, LV
-
Sicherheitstyp Getreide
-
Wert der Sicherheit €60,000.00
-
Beleihungsquote 50%
-
Sicherheit Biological oats
-
Menge 300t
-
Personal Guarantee -
-
Versicherung Against loss of crops due to natural disasters, such as hail, rainfall, storm
Bitte loggen Sie sich ein, um die vollständigen Kreditdetails zu sehen.
Neueste Kommentare
One of the first loans and already in delay without any comment. Not a perfect start for this platform. Can we investors expect updates about our loans or is this not provided?
30.09.2021
please provide us an update on the situation
30.09.2021
Hello! This is a full bullet loan, where repayment of accumulated interest and principal is at the end of the loan term. No monthly payments are expected from the borrower.
30.09.2021
Hello and thank you for fast reply. If this loan is a full bullet loan, why is the loan shown into delayed section? And why investors got a repayment plan with monthly payments when this was never the provided by the debtor? And why this monthly payment schedule is still visible and was never corrected?
For the future it would be useful for investors if the repayment conditions would be published more accurate.
30.09.2021
Hello, the loans appears now in time, but what about the repaid?????????????
Wirth Stefan
05.10.2021
What is with this loan ? There is no payment schedule, because it is full bullet (why ? it should have schedule with one payment). But it is overdue since middle of October. Isn't it?
Simkin Maksim
03.11.2021
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Investition vornehmen
€30,000.00
Geworbener Betrag
Der Kredit ist vollständig finanziert.
The more you invest the more you earn
EUR ≥ 500 = 0.5%
EUR ≥ 1000 = 1%
EUR ≥ 5000 = 2%
Cashback is added instantly
Rules:
1. Invested sum is at least EUR 500;
2. Investment is made in one payment (invested amounts don’t sum).