Seasonal financing for ZS Pīlādži
FG

Icon check Project is fully funded

Seasonal financing for ZS Pīlādži

€2,400.00

Make investment

€2,400.00

Raised of €2,400.00

Icon check Project is fully funded

Loan

  • Amount €2,400.00
  • 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 € 2 400.00 for Upmalas pagasta zemnieku saimniecība "PĪLĀDŽI", registration No.41501020255, for the purchase of fuel.

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 1999 and is engaged in 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 winter wheat sale in volume of 30t. 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 6 150.00.

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

Documents

  • Risk Assessment
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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 €22.00 €22.00 Icon check Paid
2 20.08.2021 €0.00 €22.00 €22.00 Icon check Paid
3 20.09.2021 €0.00 €22.00 €22.00 Icon check Paid
4 19.10.2021 €2,400.00 €21.29 €2,421.29 Icon check Paid

Borrower

  • Country Latvia, LV

Collateral

  • Country Latvia, LV
  • Collateral type Grain
  • Collateral value €6,150.00
  • LTV 39%
  • Pledge Winter wheat
  • Volume 30t
  • Personal guarantee By owner Elita Dzene
  • 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
Totals €2,400.00
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