This project gives LendSecured investors an opportunity to provide seasonal funding in the amount of € 11000 for Jelgavas rajona Sesavas pagasta Zemnieku saimniecība “ROŽKALNI”, registration No.43601021325, in order to receive funds for working capital.
This project gives an opportunity to make a loan with an annual rate of 10%, LTV of 42%, a loan term of 10 months, with a monthly manner of interest payments.
The borrower has been operating since 1994 and is engaged in agriculture. In order to secure the repayment of the loan, the borrower has concluded an agreement for winter wheat sale in the volume of 120t. The repayment of the loan will be done, once the harvest will be handed to the buyer.
The borrower is a recipient of support payments from the European Agricultural Guarantee Fund and the European Agricultural Fund for Rural Development. For an additional guarantee, the owner of the farm is giving a personal surety in the full loan amount.
The price of wheat is determined by the stock exchange and at the time of the harvest will be approximately EUR 220 per ton, thus the value of the harvest is estimated at EUR 26400.
To avoid loss of crops due to natural disasters, such as hail, rainfall, or storm, the harvest will be insured.
Wert der Sicherheit
By Owner Aija Blūdža
against loss of crops due to natural disasters, such as hail, rainfall, storm