Agricultural loan fo working capital
FG

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Agricultural loan fo working capital

€9,200.00

Make investment

€9,200.00

Raised of €9,200.00

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Documents

  • Risk assessment
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Loan

  • Amount €9,200.00
  • Interest rate 10%
  • Term 7m
  • LTV 39%

Description

This project gives LANDE investors an opportunity to provide seasonal funding in the amount of € 9200 for ZS “Rulmureņi”, registration No. 47101007646, in order to secure funding for working capital

This project gives an opportunity to make a loan with an annual rate of 10%, LTV of 39%, a loan term of 7 months, with a monthly manner of interest payments.

The borrower has been operating since 1992 and is engaged in growing cereals (except rice), leguminous crops, and oil seeds. In order to secure the repayment of the loan, the borrower has concluded an agreement for rapeseed sale in the 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 state subsidies and support payments from the European Agricultural Guarantee Fund and the European Agricultural Fund for Rural Development.

The price of rapeseed is determined by the stock exchange and at the time of sale will be approximately EUR 780 per ton, making the value of the harvest EUR 23 400.

 

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

Schedule

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 05.07.2022 €0.00 €76.66 €76.66
2 05.08.2022 €0.00 €76.66 €76.66
3 05.09.2022 €0.00 €76.66 €76.66
4 05.10.2022 €0.00 €76.66 €76.66
5 05.11.2022 €0.00 €76.66 €76.66
6 05.12.2022 €0.00 €76.66 €76.66
7 05.01.2023 €0.00 €76.66 €76.66
8 06.01.2023 €9,200.00 €0.00 €9,200.00

Borrower

  • Country Latvia, LV

Collateral

  • Country Latvia, LV
  • Collateral type Grain
  • Collateral value €23,400.00
  • LTV 39%
  • Pledge rapeseed
  • Volume 30t
  • Personal Guarantee by owner Normunds Urtāns
  • Insurance against loss of crops due to natural disasters, such as hail, rainfall, storm

Investment Breakdown

Investor Amount
Anchor investments €18.49
Investor 1 €250.00
Investor 2 €50.00
Investor 3 €50.00
Investor 4 €50.00
Investor 5 €50.00
Investor 6 €50.00
Investor 7 €50.00
Investor 8 €50.00
Investor 9 €50.00
Investor 10 €50.00
Investor 11 €250.00
Investor 12 €50.00
Investor 13 €50.00
Investor 14 €50.00
Investor 15 €150.00
Investor 16 €50.00
Investor 17 €250.00
Investor 18 €50.00
Investor 19 €50.00
Investor 20 €100.00
Investor 21 €50.00
Investor 22 €50.00
Investor 23 €50.00
Investor 24 €50.00
Investor 25 €50.00
Investor 26 €50.00
Investor 27 €50.00
Investor 28 €50.00
Investor 29 €50.00
Investor 30 €50.00
Investor 31 €50.00
Investor 32 €50.00
Investor 33 €50.00
Investor 34 €250.00
Investor 35 €50.00
Investor 36 €50.00
Investor 37 €50.00
Investor 38 €250.00
Investor 39 €50.00
Investor 40 €50.00
Investor 41 €50.00
Investor 42 €50.00
Investor 43 €50.00
Investor 44 €250.00
Investor 45 €50.00
Investor 46 €50.00
Investor 47 €100.00
Investor 48 €50.00
Investor 49 €50.00
Investor 50 €50.00
Investor 51 €50.00
Investor 52 €250.00
Investor 53 €50.00
Investor 54 €50.00
Investor 55 €50.00
Investor 56 €50.00
Investor 57 €50.00
Investor 58 €50.00
Investor 59 €50.00
Investor 60 €50.00
Investor 61 €50.00
Investor 62 €50.00
Investor 63 €50.00
Investor 64 €75.00
Investor 65 €50.00
Investor 66 €50.00
Investor 67 €250.00
Investor 68 €100.00
Investor 69 €250.00
Investor 70 €250.00
Investor 71 €50.00
Investor 72 €50.00
Investor 73 €400.00
Investor 74 €250.00
Investor 75 €50.00
Investor 76 €50.00
Investor 77 €50.00
Investor 78 €250.00
Investor 79 €0.00
Investor 80 €50.00
Investor 81 €50.00
Investor 82 €50.00
Investor 83 €500.00
Investor 84 €50.00
Investor 85 €250.00
Investor 86 €50.00
Investor 87 €50.00
Investor 88 €102.76
Investor 89 €52.70
Investor 90 €50.00
Investor 91 €50.00
Investor 92 €50.00
Investor 93 €50.00
Investor 94 €500.00
Investor 95 €51.05
Investor 96 €250.00
Investor 97 €18.49
Totals €9,200.00
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