Seasonal financing (biological oats)
FG

Icon check Project is fully funded

Seasonal financing (biological oats)

€5,300.00

Make investment

€5,300.00

Raised of €5,300.00

Icon check Project is fully funded

Loan

  • Amount €5,300.00
  • Interest rate 11%
  • Term 6m
  • Collateral type Grain
  • LTV 44%

Description

This project gives LendSecured investors an opportunity to provide seasonal funding in the amount of € 5 300 for "Agro TK" Ltd, registration No.55403055751, in order to secure working capital until the harvest.

This project gives an opportunity to make a loan with an annual rate of 11%, LTV of 44%, loan term of 6 months, with monthly manner of interest payments.

Borrower is a newly established company (operating since 2019) engaged in growing of cereals, vegetables and melons, roots and tubers. In order to secure the repayment of the loan, the borrower has concluded an agreement for oat sale in volume of 60t. The repayment of the loan will be done, once the harvest will be handed to the buyer.

The price of oat is not determined by the stock exchange, but buy buyer, and is approximately EUR 200,00 per ton, making the value of the harvest EUR 12 000,00.

To avoid loss of crops due to natural disasters, such as hail, rainfall or storm, the harvest will be insured.

Documents

  • Info from Enterprise Register
  • Info from Enterprise Register 2
Please login to see a list of documents.

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 25.05.2021 €0.00 €48.58 €48.58 Icon check Paid
2 25.06.2021 €0.00 €48.58 €48.58 Icon check Paid
3 25.07.2021 €0.00 €48.58 €48.58 Icon check Paid
4 25.08.2021 €0.00 €48.58 €48.58 Icon check Paid
5 25.09.2021 €0.00 €48.58 €48.58 Icon check Paid
6 25.10.2021 €5,300.00 €48.58 €5,348.58 Icon check Paid

Borrower

  • Country Latvia, LV

Collateral

  • Country Latvia, LV
  • Collateral type Grain
  • Collateral value €12,000.00
  • LTV 44%
  • Pledge Biological Oat
  • Volume 60t
  • Personal guarantee by owner Kaspars Trušus
  • Insurance against loss of crops due to natural disasters, such as hail, rainfall, storm

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
Totals €5,300.00
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