Seasonal funding for purchase of machinery
FG

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Seasonal funding for purchase of machinery

€30,000.00

Make investment

€30,000.00

Raised of €30,000.00

Icon check Project is fully funded

Loan

  • Amount €30,000.00
  • Interest rate 14%
  • Term 2m
  • Collateral type Grain
  • LTV 50%

Description

This project gives LendSecured investors an opportunity to provide seasonal funding in the amount of € 30 000.00 for a self-employed farmer with an aim to fund a purchase of a new machinery.

This project gives an opportunity to make a loan with an annual rate of 14%, LTV of 50%, loan term of 2 months, with repayment of accumulated interest and principal at the end of the loan term.

Borrower is engaged in mixed farming and cultivates land with a total area of 80 ha. In order to secure the repayment of the loan, the borrower has concluded an agreement for oats sale in volume of 300t. 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 oat is not determined by the stock exchange, but buy buyer. Based on the data provided by Latvian Rural Advisory and Training Centre in 2020, the average price of biological oats was EUR 200.00 per ton, supposing the value of harvest around EUR 60 000,00.

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.

Borrower

  • Country Latvia, LV

Collateral

  • Country Latvia, LV
  • Collateral type Grain
  • Collateral value €60,000.00
  • LTV 50%
  • Pledge Biological oats
  • Volume 300t
  • Personal Guarantee -
  • 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 €0.01
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 €0.01
Investor 46 €0.00
Investor 47 €0.00
Investor 48 €0.00
Investor 49 €0.00
Investor 50 €0.00
Investor 51 €0.00
Investor 52 €0.00
Investor 53 €0.00
Investor 54 €0.00
Investor 55 €0.00
Investor 56 €0.00
Investor 57 €0.00
Investor 58 €0.00
Investor 59 €0.00
Investor 60 €0.00
Investor 61 €0.00
Investor 62 €0.00
Investor 63 €0.00
Investor 64 €0.00
Investor 65 €0.00
Investor 66 €0.00
Investor 67 €0.00
Investor 68 €0.00
Investor 69 €0.00
Investor 70 €0.00
Investor 71 €0.00
Investor 72 €0.00
Investor 73 €0.00
Investor 74 €0.00
Investor 75 €0.00
Investor 76 €0.00
Investor 77 €0.00
Investor 78 €0.00
Investor 79 €0.00
Investor 80 €0.00
Investor 81 €0.00
Investor 82 €0.00
Investor 83 €0.00
Investor 84 €0.00
Investor 85 €0.00
Investor 86 €0.00
Investor 87 €0.00
Investor 88 €0.00
Investor 89 €0.00
Investor 90 €0.00
Investor 91 €0.00
Investor 92 €0.00
Investor 93 €0.00
Investor 94 €0.00
Investor 95 €0.00
Investor 96 €0.00
Investor 97 €0.00
Investor 98 €0.00
Investor 99 €0.00
Investor 100 €0.00
Investor 101 €0.00
Investor 102 €0.00
Investor 103 €0.00
Investor 104 €0.00
Investor 105 €0.00
Investor 106 €0.00
Investor 107 €0.00
Investor 108 €0.00
Investor 109 €0.00
Investor 110 €0.00
Investor 111 €0.00
Investor 112 €0.00
Investor 113 €0.00
Investor 114 €0.00
Investor 115 €0.00
Investor 116 €0.00
Investor 117 €0.00
Investor 118 €0.00
Investor 119 €0.00
Investor 120 €0.00
Investor 121 €0.00
Investor 122 €0.00
Investor 123 €0.00
Investor 124 €0.00
Investor 125 €0.01
Investor 126 €0.00
Investor 127 €0.00
Investor 128 €0.00
Investor 129 €0.00
Investor 130 €0.00
Investor 131 €0.00
Investor 132 €0.00
Investor 133 €0.00
Investor 134 €0.00
Investor 135 €0.00
Investor 136 €0.00
Investor 137 €0.00
Investor 138 €0.00
Investor 139 €0.00
Investor 140 €0.00
Investor 141 €0.00
Investor 142 €0.00
Investor 143 €0.00
Investor 144 €0.00
Investor 145 €0.00
Investor 146 €0.00
Investor 147 €0.00
Investor 148 €0.00
Investor 149 €0.00
Investor 150 €0.00
Investor 151 €0.00
Investor 152 €0.00
Investor 153 €0.00
Investor 154 €0.00
Investor 155 €0.00
Investor 156 €0.00
Investor 157 €0.00
Investor 158 €0.00
Investor 159 €0.00
Investor 160 €0.00
Investor 161 €0.00
Investor 162 €0.00
Investor 163 €0.00
Investor 164 €0.00
Investor 165 €0.00
Investor 166 €0.00
Totals €30,000.00

Latest comments

One of the first loans and already in delay without any comment. Not a perfect start for this platform. Can we investors expect updates about our loans or is this not provided?
30.09.2021
please provide us an update on the situation
30.09.2021
Hello! This is a full bullet loan, where repayment of accumulated interest and principal is at the end of the loan term. No monthly payments are expected from the borrower.
30.09.2021
Hello and thank you for fast reply. If this loan is a full bullet loan, why is the loan shown into delayed section? And why investors got a repayment plan with monthly payments when this was never the provided by the debtor? And why this monthly payment schedule is still visible and was never corrected? For the future it would be useful for investors if the repayment conditions would be published more accurate.
30.09.2021
Hello, the loans appears now in time, but what about the repaid?????????????
Wirth Stefan
05.10.2021
What is with this loan ? There is no payment schedule, because it is full bullet (why ? it should have schedule with one payment). But it is overdue since middle of October. Isn't it?
Simkin Maksim
03.11.2021
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