Seasonal funding - ZS Strautmani
FG

Icon check Project is fully funded

Seasonal funding - ZS Strautmani

€4,600.00

Make investment

€4,600.00

Raised of €4,600.00

Icon check Project is fully funded

Loan

  • Amount €4,600.00
  • Interest rate 11%
  • Term 4m
  • Collateral type Grain
  • LTV 49%

Description

Bauskas rajona Viesturu pagasta zemnieku saimniecība "STRAUTMAŅI", registration No.43601021306 (hereafter – The Borrower), has applied for registration on LendSecured in order to obtain capital for lease of machinery and purchase of fuel.

This project gives an opportunity to make a loan with an annual rate of 11%, LTV of 49%, loan term of 4 months, with monthly manner of interest payments.

 

The Borrower is a farm, whose commercial activity is related to growing of cereal and sugar beet and pig farming. The Borrower has sowed winter wheat with predicted harvest amount of 46 tons. The Borrower has already concluded a sales agreement with the buyer of the harvest, which will ensure repayment of the loan.

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 9 430.00.

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 25.07.2021 €0.00 €42.17 €42.17 Icon check Paid
2 25.08.2021 €0.00 €42.17 €42.17 Icon check Paid
3 25.09.2021 €0.00 €42.17 €42.17 Icon check Paid
4 16.11.2021 €4,600.00 €72.09 €4,672.09 Icon check Paid

Borrower

  • Country Latvia, LV

Collateral

  • Country Latvia, LV
  • Collateral type Grain
  • Collateral value €9,430.00
  • LTV 49%
  • Pledge
  • Volume
  • Insurance

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
Investor 46 €0.00
Totals €4,600.00
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