Seasonal financing for "Augšnieki"
FG

Icon check Project is fully funded

Seasonal financing for "Augšnieki"

€11,470.00

Make investment

€11,470.00

Raised of €11,470.00

Icon check Project is fully funded

Loan

  • Amount €11,470.00
  • Interest rate 11%
  • Term 4m
  • Collateral type Grain
  • LTV 30%

Description

This project gives LendSecured investors an opportunity to provide seasonal funding in the amount of € 11 470.00 for Barkavas pagasta zemnieku saimniecība "Augšnieki", registration No. 57101002091, for the purchase of fuel.

This project gives an opportunity to make a loan with an annual rate of 11%, LTV of 30%, loan term of 4 months, with monthly manner of interest payments.

Borrower has been operating since 1992 and is engaged in production, processing and sale of agricultural products. In order to secure the repayment of the loan, the borrower has concluded an agreement for winter wheat sale in volume of 180t. The repayment of the loan will be done, once the harvest will be handed to the buyer.

The borrower is a recipient of government 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 215 per ton, thus the value of the harvest is estimated at EUR 37 800.

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
  • Risk Assessment
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 10.07.2021 €0.00 €105.14 €105.14 Icon check Paid
2 10.08.2021 €0.00 €105.14 €105.14 Icon check Paid
3 10.09.2021 €0.00 €105.14 €105.14 Icon check Paid
4 06.10.2021 €11,470.00 €91.57 €11,561.57 Icon check Paid

Borrower

  • Country Latvia, LV

Collateral

  • Country Latvia, LV
  • Collateral type Grain
  • Collateral value €37,800.00
  • LTV 30%
  • Pledge Winter wheat
  • Volume 180t
  • Personal guarantee By representative Andrejs Ikaunieks
  • 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
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
Totals €11,470.00
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