Seasonal financing (rye)
FG

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Seasonal financing (rye)

€5,500.00

Make investment

€5,500.00

Raised of €5,500.00

Icon check Project is fully funded

Loan

  • Amount €5,500.00
  • Interest rate 11%
  • Term 6m
  • Collateral type Grain
  • LTV 37%

Description

This project gives LendSecured investors an opportunity to provide seasonal funding in the amount of € 5 500 for "Jaunpļavas” Ltd, registration No. 43603081668, in order to secure funds for purchase of machinery for land cultivation.  

This project gives an opportunity to make a loan with an annual rate of 11%, LTV of 37%, loan term of 6 months, with monthly manner of interest payments.

Borrower has been operating since 2018 and is 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 rye sale in volume of 125t. The repayment of the loan will be done, once the harvest will be handed to the buyer.

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

The price of rye is not determined by the stock exchange, but buy buyer. Based on the data of 2020, the average price of rye is approximately EUR 118,00 per ton, making the value of the harvest EUR 14 750,00. 

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 €50.42 €50.42 Icon check Paid
2 25.06.2021 €0.00 €50.42 €50.42 Icon check Paid
3 25.07.2021 €0.00 €50.42 €50.42 Icon check Paid
4 25.08.2021 €0.00 €50.42 €50.42 Icon check Paid
5 25.09.2021 €0.00 €50.42 €50.42 Icon check Paid
6 21.10.2021 €5,500.00 €43.91 €5,543.91 Icon check Paid

Borrower

  • Country Latvia, LV

Collateral

  • Country Latvia, LV
  • Collateral type Grain
  • Collateral value €14,750.00
  • LTV 37%
  • Pledge Rye
  • Volume 125t
  • Personal guarantee by owner Intars Valdmanis
  • Insurance Against loss of crops due to natural disasters, such as hail, rainfall, storm

Investment Breakdown

Investor Amount
Anchor investments €0.00
Investor 1 €0.01
Investor 2 €0.01
Investor 3 €0.01
Investor 4 €0.01
Investor 5 €0.00
Investor 6 €0.00
Investor 7 €0.01
Investor 8 €0.00
Investor 9 €0.00
Investor 10 €0.01
Investor 11 €0.01
Investor 12 €0.01
Investor 13 €0.00
Investor 14 €0.01
Investor 15 €0.01
Investor 16 €0.00
Investor 17 €0.01
Investor 18 €0.01
Investor 19 €0.01
Investor 20 €0.01
Investor 21 €0.00
Investor 22 €0.01
Investor 23 €0.01
Investor 24 €0.01
Investor 25 €0.01
Investor 26 €0.01
Investor 27 €0.01
Investor 28 €0.01
Investor 29 €0.01
Investor 30 €0.01
Investor 31 €0.01
Investor 32 €0.01
Investor 33 €0.01
Investor 34 €0.01
Investor 35 €0.00
Totals €5,500.00
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