Seasonal financing (summer wheat)
FG

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Seasonal financing (summer wheat)

€3,600.00

Make investment

€3,600.00

Raised of €3,600.00

Icon check Project is fully funded

Loan

  • Amount €3,600.00
  • Interest rate 11%
  • Term 4m
  • Collateral type Grain
  • LTV 39%

Description

This project gives LendSecured investors an opportunity to provide seasonal funding in the amount of € 3 600.00 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 11%, LTV of 39%, loan term of 4 months, with monthly manner of interest payments.

Borrower has been operating since 2012 and is engaged in crop production with 250 ha of arable land. In order to secure the repayment of the loan, the borrower has concluded an agreement for summer wheat sale in volume of 45t. 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 205 per ton, thus the value of the harvest is estimated at EUR 9 225.00.

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

Documents

  • 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 20.07.2021 €0.00 €33.00 €33.00 Icon check Paid
2 20.08.2021 €0.00 €33.00 €33.00 Icon check Paid
3 20.09.2021 €0.00 €33.00 €33.00 Icon check Paid
4 16.11.2021 €3,600.00 €61.74 €3,661.74 Icon check Paid

Borrower

  • Country Latvia, LV

Collateral

  • Country Latvia, LV
  • Collateral type Grain
  • Collateral value €9,225.00
  • LTV 39%
  • Mortgage first rank
  • Pledge Summer wheat
  • Volume 45t
  • 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 €0.01
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 €3,600.00

Latest comments

The loan is two weeks past due date. Would you please explain what is happening here? Can we expect a payment soon or is the borrower having serious trouble?
Rozenfelde Evita
04.11.2021
Hello Evita, the payment has been made 03.11.2021. Money transfers can take up to 3 days, so you can expect to receive payment, beginning of next week.
LANDE
04.11.2021
Still no payment. What is the delay please?
Rozenfelde Evita
12.11.2021
Dear Investors, please be notified that the borrower had made repayment in the wrong amount, and we were waiting for additional payment from the borrower. The payment has been made, and the project has been closed.
LANDE
17.11.2021
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