€ 7886.00
Raised of € 12000.00
Summer Cash Back Campaign
- Invest €500+ and receive 0.5% cashback
- Invest €1,000+ and receive 1% cashback
- Invest €5,000+ and receive 2% cashback
* investment should be made in single project
Loan
- Amount € 12000.00
- Interest rate 10%
- Term 30m
- Collateral type Land
- LTV 50%
Description
This project gives LANDE investors an opportunity to provide funding in the amount of € 12 000 for Self-employed farmer to receive loan for working capital.
The annual interest rate of 10%, LTV of 50%, loan term is 30 months. The Loan is repaid in several payments according to a schedule agreed with the Borrower. Interest payments on the use of the Loan shall be made monthly in accordance with the Schedule.
The borrower is engaged in cattle farming, managing 109.4 ha of arable land and owning 55 livestock animals. Financial results for 2022: profit € 22 013.
The collateral consists of a land plot with a total area of 9.4 ha of agricultural land located in Zīles, Nautrēnu pag., Rēzeknes nov. cadastral number: 68760050173.
In order to secure the claims, arising out of loan agreements, a first-hand mortgage in the amount of € 23 945 will be registered on the collateral in the Land Register of Latvia.
The demand for agricultural land currently in Latvia exceeds supply and 25% of farmers are forced to rent the land, as there is none available on the market. The price of agricultural land plots in the parish of the collateral ranges from € 2 000 to 3 000 per ha.
Borrower aims to repay the loan from incoming business revenues.
The borrower is a recipient of support payments from the European Agricultural Guarantee Fund and the European Agricultural Fund for Rural Development.
Other borrower loans
Schedule
| # | Date | Principal | Interest | Total | Status |
|---|---|---|---|---|---|
| 1 | 28.07.2024 | € 0.00 | € 100.00 | € 100.00 | |
| 2 | 28.08.2024 | € 0.00 | € 100.00 | € 100.00 | |
| 3 | 28.09.2024 | € 0.00 | € 100.00 | € 100.00 | |
| 4 | 28.10.2024 | € 0.00 | € 100.00 | € 100.00 | |
| 5 | 28.11.2024 | € 0.00 | € 100.00 | € 100.00 | |
| 6 | 28.12.2024 | € 0.00 | € 100.00 | € 100.00 | |
| 7 | 28.01.2025 | € 0.00 | € 100.00 | € 100.00 | |
| 8 | 28.02.2025 | € 0.00 | € 100.00 | € 100.00 | |
| 9 | 28.03.2025 | € 0.00 | € 100.00 | € 100.00 | |
| 10 | 28.04.2025 | € 0.00 | € 100.00 | € 100.00 | |
| 11 | 28.05.2025 | € 0.00 | € 100.00 | € 100.00 | |
| 12 | 28.06.2025 | € 0.00 | € 100.00 | € 100.00 | |
| 13 | 28.07.2025 | € 0.00 | € 100.00 | € 100.00 | |
| 14 | 28.08.2025 | € 0.00 | € 100.00 | € 100.00 | |
| 15 | 28.09.2025 | € 0.00 | € 100.00 | € 100.00 | |
| 16 | 28.10.2025 | € 0.00 | € 100.00 | € 100.00 | |
| 17 | 28.11.2025 | € 0.00 | € 100.00 | € 100.00 | |
| 18 | 28.12.2025 | € 0.00 | € 100.00 | € 100.00 | |
| 19 | 28.01.2026 | € 0.00 | € 100.00 | € 100.00 | |
| 20 | 28.02.2026 | € 0.00 | € 100.00 | € 100.00 | |
| 21 | 28.03.2026 | € 0.00 | € 100.00 | € 100.00 | |
| 22 | 28.04.2026 | € 0.00 | € 100.00 | € 100.00 | |
| 23 | 28.05.2026 | € 0.00 | € 100.00 | € 100.00 | |
| 24 | 28.06.2026 | € 0.00 | € 100.00 | € 100.00 | |
| 25 | 28.07.2026 | € 0.00 | € 100.00 | € 100.00 | |
| 26 | 28.08.2026 | € 0.00 | € 100.00 | € 100.00 | |
| 27 | 28.09.2026 | € 0.00 | € 100.00 | € 100.00 | |
| 28 | 28.10.2026 | € 0.00 | € 100.00 | € 100.00 | |
| 29 | 28.11.2026 | € 0.00 | € 100.00 | € 100.00 | |
| 30 | 28.12.2026 | € 12000.00 | € 100.00 | € 12100.00 |
Borrower
- Country Latvia, LV
Collateral
- Country Latvia, LV
- Collateral type Land
- Collateral value € 23945.00
- LTV 50%
Investment Breakdown
| Investor | Amount | |
|---|---|---|
| Investor 1 | € 100.00 | |
| Investor 2 | € 100.00 | |
| Investor 3 | € 50.00 | |
| Investor 4 | € 50.00 | |
| Investor 5 | € 150.00 | |
| Investor 6 | € 50.00 | |
| Investor 7 | € 50.00 | |
| Investor 8 | € 50.00 | |
| Investor 9 | € 50.00 | |
| Investor 10 | € 50.00 | |
| Investor 11 | € 50.00 | |
| Investor 12 | € 50.00 | |
| Investor 13 | € 50.00 | |
| Investor 14 | € 50.00 | |
| Investor 15 | € 500.00 | |
| Investor 16 | € 60.00 | |
| Investor 17 | € 100.00 | |
| Investor 18 | € 50.00 | |
| Investor 19 | € 50.00 | |
| Investor 20 | € 50.00 | |
| Investor 21 | € 50.00 | |
| Investor 22 | € 50.00 | |
| Investor 23 | € 50.00 | |
| Investor 24 | € 100.00 | |
| Investor 25 | € 50.00 | |
| Investor 26 | € 50.00 | |
| Investor 27 | € 50.00 | |
| Investor 28 | € 50.00 | |
| Investor 29 | € 50.00 | |
| Investor 30 | € 50.00 | |
| Investor 31 | € 50.00 | |
| Investor 32 | € 60.00 | |
| Investor 33 | € 400.00 | |
| Investor 34 | € 60.00 | |
| Investor 35 | € 50.00 | |
| Investor 36 | € 50.00 | |
| Investor 37 | € 50.00 | |
| Investor 38 | € 50.00 | |
| Investor 39 | € 50.00 | |
| Investor 40 | € 1000.00 | |
| Investor 41 | € 100.00 | |
| Investor 42 | € 50.00 | |
| Investor 43 | € 50.00 | |
| Investor 44 | € 50.00 | |
| Investor 45 | € 100.00 | |
| Investor 46 | € 151.00 | |
| Investor 47 | € 100.00 | |
| Investor 48 | € 330.00 | |
| Investor 49 | € 100.00 | |
| Investor 50 | € 50.00 | |
| Investor 51 | € 1000.00 | |
| Investor 52 | € 50.00 | |
| Investor 53 | € 100.00 | |
| Investor 54 | € 100.00 | |
| Investor 55 | € 50.00 | |
| Investor 56 | € 100.00 | |
| Investor 57 | € 50.00 | |
| Investor 58 | € 100.00 | |
| Investor 59 | € 50.00 | |
| Investor 60 | € 50.00 | |
| Investor 61 | € 100.00 | |
| Investor 62 | € 75.00 | |
| Investor 63 | € 100.00 | |
| Investor 64 | € 50.00 | |
| Investor 65 | € 50.00 | |
| Investor 66 | € 50.00 | |
| Investor 67 | € 50.00 | |
| Investor 68 | € 50.00 | |
| Investor 69 | € 50.00 | |
| Investor 70 | € 50.00 | |
| Investor 71 | € 50.00 | |
| Investor 72 | € 50.00 | |
| Investor 73 | € 250.00 | |
| Investor 74 | € 50.00 | |
| Investor 75 | € 50.00 | |
| Totals | € 7886.00 |