Wheat ZS Aizupes 1
FG

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Wheat ZS Aizupes 1

€4,800.00

Make investment

€4,800.00

Raised of €4,800.00

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Loan

  • Amount €4,800.00
  • Interest rate 12%
  • Term 8m
  • Collateral type Grain
  • LTV 42%

Description

This project gives LendSecured investors an opportunity to provide seasonal funding in the amount of € 4 800 for Jaunannas pagasta zemnieku saimniecība "AIZUPES 1", registration No. 43201002475, in order to secure working capital until the harvest.

This project gives an opportunity to make a loan with an annual rate of 12%, LTV of 42%, loan term of 8 months, with repayment of the loan and accumulated interest at the end of the loan term.

Borrower is an experienced farm operating for almost 30 years, which is engaged in crop and animal production, hunting and related service activities. In order to secure the repayment of the loan, the borrower has concluded an agreement for wheat sale in volume of 60t. The repayment of the loan will be done, once the harvest will be handed to the buyer.

The borrower is a recipient of state subsidies and support payments from European Agricultural Guarantee Fund and European Agricultural Fund for Rural Development.

The price of wheat is determined by the stock exchange and at the time of the harvest will be approximately EUR 190 per ton, making the value of the harvest EUR 11 400,00.

To avoid loss of crops due to natural disasters, such as hail, rainfall, storm or the loss of revenue due declines in the prices of agricultural commodities, the harvest will be insured. 

Documents

  • Market Review
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Other borrower loans

Schedule

The loan repayment schedule is informative and can be subject to change.
Grace period - 5 day period after the designated payment date according to the payment schedule, when the loan is not considered to be delayed, because of the bank transfer period.
# Date Principal Interest Total Status
1 17.08.2021 €4,800.00 €384.00 €5,184.00

Borrower

  • Country Latvia, LV

Collateral

  • Country Latvia, LV
  • Collateral type Grain
  • Collateral value €11,400.00
  • LTV 42%
  • Pledge wheat
  • Volume 60t
  • Personal guarantee by owner Dāvis Gusts
  • Insurance against loss of crops due to natural disasters, such as hail, rainfall, storm or the loss of revenue due declines in the prices of agricultural commodities

Investment Breakdown

Investor Amount
Anchor investments €0.00
Investor 1 €0.00
Investor 2 €0.00
Investor 3 €0.00
Investor 4 €0.00
Investor 5 €0.00
Investor 6 €0.00
Investor 7 €0.00
Investor 8 €0.00
Investor 9 €0.00
Investor 10 €0.00
Investor 11 €0.00
Investor 12 €0.00
Investor 13 €0.00
Investor 14 €0.00
Investor 15 €0.00
Investor 16 €0.00
Investor 17 €0.00
Investor 18 €0.00
Investor 19 €0.00
Investor 20 €0.00
Investor 21 €0.00
Investor 22 €0.00
Investor 23 €0.00
Investor 24 €0.00
Investor 25 €0.00
Investor 26 €0.00
Investor 27 €0.00
Investor 28 €0.00
Investor 29 €0.00
Investor 30 €0.00
Investor 31 €0.00
Investor 32 €0.00
Investor 33 €0.00
Investor 34 €0.00
Investor 35 €0.00
Investor 36 €0.00
Investor 37 €0.00
Investor 38 €0.00
Investor 39 €0.00
Investor 40 €0.00
Investor 41 €0.00
Investor 42 €0.00
Investor 43 €0.00
Investor 44 €0.00
Investor 45 €0.00
Investor 46 €0.00
Investor 47 €0.00
Investor 48 €0.00
Investor 49 €0.00
Investor 50 €0.00
Investor 51 €0.00
Investor 52 €0.00
Investor 53 €0.00
Investor 54 €0.00
Investor 55 €0.00
Investor 56 €0.00
Totals €4,800.00
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