Seasonal funding for equipment repair services and fuel
FG

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Seasonal funding for equipment repair services and fuel

€5,500.00

Make investment

€5,500.00

Raised of €5,500.00

Icon check Project is fully funded

Loan

  • Amount €5,500.00
  • Interest rate 10%
  • Term 6m
  • LTV 47%

Description

This project gives LANDE investors an opportunity to provide seasonal funding in the amount of € 5 500 for "Jaunpļavas” Ltd, registration No. 43603081668, in order to secure funds for purchase of equipment repair services and fuel.

This project gives an opportunity to make a loan with an annual rate of 10%, LTV of 47%, loan term of 6 months, with monthly manner of interest payments.

 

Borrower has been operating since 2018 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 winter wheat 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 support payments from European Agricultural Guarantee Fund and European Agricultural Fund for Rural Development.

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 20.07.2022 €0.00 €45.83 €45.83
2 20.08.2022 €0.00 €45.83 €45.83
3 20.09.2022 €0.00 €45.83 €45.83
4 20.10.2022 €0.00 €45.83 €45.83
5 20.11.2022 €0.00 €45.83 €45.83
6 20.12.2022 €0.00 €45.83 €45.83
7 21.12.2022 €5,500.00 €0.00 €5,500.00

Borrower

  • Country Latvia, LV

Collateral

  • Country Latvia, LV
  • Collateral type Grain
  • Collateral value €11,640.00
  • LTV 47%

Investment Breakdown

Investor Amount
Anchor investments €49.00
Investor 1 €50.00
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 €100.00
Investor 12 €50.00
Investor 13 €50.00
Investor 14 €50.00
Investor 15 €50.00
Investor 16 €75.00
Investor 17 €50.00
Investor 18 €50.00
Investor 19 €250.00
Investor 20 €250.00
Investor 21 €101.00
Investor 22 €50.00
Investor 23 €250.00
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 €250.00
Investor 34 €50.00
Investor 35 €50.00
Investor 36 €50.00
Investor 37 €50.00
Investor 38 €50.00
Investor 39 €50.00
Investor 40 €50.00
Investor 41 €50.00
Investor 42 €75.00
Investor 43 €50.00
Investor 44 €50.00
Investor 45 €250.00
Investor 46 €100.00
Investor 47 €500.00
Investor 48 €250.00
Investor 49 €50.00
Investor 50 €50.00
Investor 51 €400.00
Investor 52 €250.00
Investor 53 €50.00
Investor 54 €50.00
Investor 55 €50.00
Investor 56 €250.00
Investor 57 €50.00
Investor 58 €49.00
Totals €5,500.00
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