Seasonal financing for purchase of fuel
FG

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Seasonal financing for purchase of fuel

€5,800.00

Make investment

€5,800.00

Raised of €5,800.00

Icon check Project is fully funded

Loan

  • Amount €5,800.00
  • Interest rate 11%
  • Term 6m
  • Collateral type Grain
  • LTV 24%

Description

This project gives LendSecured investors an opportunity to provide seasonal funding in the amount of € 5 800 for IK "Ziemeļaustrumu tilts" registration No. 43402000648, in order to secure funds for the purchase of fuel to cultivate the land for the new season.

This project gives an opportunity to make a loan with an annual rate of 11%, LTV of 24%, loan term of 6 months, with monthly manner of interest payments.

Borrower has been operating since 1993 and is engaged in mixed farming, growing of cereals (except rice), leguminous crops and oil seeds. In order to secure the repayment of the loan, the borrower has concluded an agreement for oat sale in volume of 150t. The repayment of the loan will be done, once the harvest will be handed to the buyer.

The price of oats is not determined by the stock exchange, but buy buyer, and is approximately EUR 159,00 per ton, making the value of the harvest EUR 23 850,00.

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

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 15.05.2021 €0.00 €53.17 €53.17 Icon check Paid
2 15.06.2021 €0.00 €53.17 €53.17 Icon check Paid
3 15.07.2021 €0.00 €53.17 €53.17 Icon check Paid
4 15.08.2021 €0.00 €53.17 €53.17 Icon check Paid
5 15.09.2021 €0.00 €53.17 €53.17 Icon check Paid
6 15.10.2021 €5,800.00 €53.17 €5,853.17 Icon check Paid

Borrower

  • Country Latvia, LV

Collateral

  • Country Latvia, LV
  • Collateral type Grain
  • Collateral value €23,850.00
  • LTV 24%
  • Pledge Oat
  • Volume 150t
  • Personal guarantee by owner Raimonds Zelčs
  • 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
Investor 30 €0.00
Investor 31 €0.00
Investor 32 €0.00
Investor 33 €0.00
Totals €5,800.00
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