This project gives LendSecured investors an opportunity to provide seasonal funding in the amount of € 8 200 for ZS "Oškanlni”, registration No. 41201005401, in order to secure capital for the upcoming season.
This project gives an opportunity to make a loan with an annual rate of 10%, LTV of 55%, a loan term of 7 months, with a monthly manner of interest payments.
The borrower has been operating since 1995 and is engaged in growing cereals (except rice), leguminous crops, and oilseeds. In order to secure the repayment of the loan, the borrower has concluded an agreement for Biological oats sale in the volume of 60t. The repayment of the loan will be done, once the harvest will be handed to the buyer.
The borrower is a recipient of state subsidies and support payments from the European Agricultural Guarantee Fund and the European Agricultural Fund for Rural Development.
The price of Biological oats is determined by the stock exchange and at the time of the harvest will be approximately EUR 250 per ton, making the value of the harvest EUR 15 000.
To avoid loss of crops due to natural disasters, such as hail, rainfall, or storm, the harvest will be insured.
By owner Ivar Kukitis
against loss of crops due to natural disasters, such as hail, rainfall, storm