Biological oat
FG

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Biological oat

€4,200.00

Make investment

€4,200.00

Raised of €4,200.00

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Loan

  • Amount €4,200.00
  • Interest rate 12%
  • Term 10m
  • Collateral type Grain
  • LTV 39%

Description

This project gives LendSecured investors an opportunity to provide seasonal funding in the amount of € 4 200,00 for a self-employed farmer, 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 39%, loan term of 8 months, with monthly manner of interest payments.

Borrower is a newly established farm engaged in growing cereals (except rice), leguminous crops and oil seeds. In order to secure the repayment of the loan, the borrower has concluded an agreement for biological oat sale in volume of 50t. Furthermore, a 3-way agreement has been concluded with the oat buyer, the collateral agent and the borrower, which guarantees that the buyer makes a direct payment to the collateral agent, in order to repay the loan in the name of the borrower, once the harvest is handed to him.

The price of oat is not determined by the stock exchange, but buy buyer, and is approximately EUR 215,00 per ton, making the value of the harvest EUR 10 750,00.

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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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 25.03.2021 €0.00 €42.00 €42.00 Icon check Paid
2 25.04.2021 €0.00 €42.00 €42.00 Icon check Paid
3 25.05.2021 €0.00 €42.00 €42.00 Icon check Paid
4 25.06.2021 €0.00 €42.00 €42.00 Icon check Paid
5 25.07.2021 €0.00 €42.00 €42.00 Icon check Paid
6 25.08.2021 €0.00 €42.00 €42.00 Icon check Paid
7 25.09.2021 €0.00 €42.00 €42.00 Icon check Paid
8 25.10.2021 €0.00 €42.00 €42.00 Icon check Paid
9 23.11.2021 €4,200.00 €39.20 €4,239.20 Icon check Paid

Borrower

  • Country Latvia, LV

Collateral

  • Country Latvia, LV
  • Collateral type Grain
  • Collateral value €10,750.00
  • LTV 39%
  • Pledge biological oats
  • Volume 50t
  • 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 €0.01
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 €0.01
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 -€49.55
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
Investor 57 €0.00
Investor 58 €0.00
Investor 59 €0.00
Investor 60 €0.00
Investor 61 €0.00
Investor 62 €0.00
Investor 63 €0.00
Investor 64 €0.00
Investor 65 €0.00
Investor 66 €0.00
Investor 67 €0.00
Investor 68 €0.00
Investor 69 €0.00
Investor 70 €0.00
Investor 71 €0.01
Investor 72 €0.00
Totals €4,200.00

Latest comments

Any new about the delayment?
23.06.2021
Today we had a call with borrower and he told that both payments will be done this week.
28.06.2021
Any news from the payment? It's been almost one month since it should have been done. What is the reason for the delay of such a small amount?
24.07.2021
Any news about this late loan?
03.08.2021
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