Seasonal funding for machinery purchase and operational costs
FG

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Seasonal funding for machinery purchase and operational costs

€43,900.00

Make investment

€43,900.00

Raised of €43,900.00

Icon check Project is fully funded

Loan

  • Amount €43,900.00
  • Interest rate 11%
  • Term 6m
  • Collateral type Grain
  • LTV 50%

Description

This project gives LANDE investors an opportunity to provide seasonal funding in the amount of € 43 900 for farm "Langas" , registration No.48501019387, in order to receive funds for the machinery and operational costs.

This project gives an opportunity to make a loan with an annual rate of 11%, LTV of 50%, loan term of 6 months, with a monthly manner of interest payments.

The borrower has been operating since 2010 and is engaged in growing of non-perennial crops, vegetables and also make animal production, raising of dairy cattle and pigs. 

In order to secure the repayment of the loan, the borrower has concluded an agreement for winter wheat sale in the volume of 250 t. 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 the European Agricultural Guarantee Fund and the European Agricultural Fund for Rural Development. For an additional guarantee, the owner of the farm is giving a personal surety in the full loan amount.

The price of wheat is determined by the stock exchange and at the time of the harvest will be approximately EUR 354 per ton, thus the value of the harvest is estimated at EUR 88 850.

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 10.08.2022 €0.00 €402.41 €402.41
2 10.09.2022 €0.00 €402.41 €402.41
3 10.10.2022 €0.00 €402.41 €402.41
4 10.11.2022 €0.00 €402.41 €402.41
5 10.12.2022 €0.00 €402.41 €402.41
6 10.01.2023 €0.00 €402.41 €402.41
7 11.01.2023 €43,900.00 €0.00 €43,900.00

Borrower

  • Country Latvia, LV

Collateral

  • Country Latvia, LV
  • Collateral type Grain
  • Collateral value €88,500.00
  • LTV 50%
  • Volume 250

Investment Breakdown

Investor Amount
Anchor investments €5.99
Investor 1 €50.00
Investor 2 €50.00
Investor 3 €50.00
Investor 4 €50.00
Investor 5 €250.00
Investor 6 €50.00
Investor 7 €50.00
Investor 8 €50.00
Investor 9 €50.00
Investor 10 €75.00
Investor 11 €50.00
Investor 12 €50.00
Investor 13 €50.00
Investor 14 €50.00
Investor 15 €50.00
Investor 16 €50.00
Investor 17 €50.00
Investor 18 €50.00
Investor 19 €50.00
Investor 20 €50.00
Investor 21 €50.00
Investor 22 €250.00
Investor 23 €250.00
Investor 24 €50.00
Investor 25 €50.00
Investor 26 €50.00
Investor 27 €250.00
Investor 28 €100.00
Investor 29 €250.00
Investor 30 €250.00
Investor 31 €50.00
Investor 32 €50.00
Investor 33 €400.00
Investor 34 €50.00
Investor 35 €50.00
Investor 36 €500.00
Investor 37 €50.00
Investor 38 €250.00
Investor 39 €50.00
Investor 40 €250.00
Investor 41 €50.00
Investor 42 €250.00
Investor 43 €250.00
Investor 44 €50.00
Investor 45 €1,000.00
Investor 46 €50.00
Investor 47 €100.00
Investor 48 €100.00
Investor 49 €250.00
Investor 50 €200.00
Investor 51 €50.00
Investor 52 €50.00
Investor 53 €50.00
Investor 54 €50.00
Investor 55 €50.00
Investor 56 €50.00
Investor 57 €50.00
Investor 58 €100.00
Investor 59 €50.00
Investor 60 €100.00
Investor 61 €100.00
Investor 62 €50.00
Investor 63 €50.00
Investor 64 €100.00
Investor 65 €98.00
Investor 66 €50.00
Investor 67 €50.00
Investor 68 €50.00
Investor 69 €50.00
Investor 70 €100.00
Investor 71 €50.00
Investor 72 €50.50
Investor 73 €50.00
Investor 74 €50.00
Investor 75 €50.00
Investor 76 €100.00
Investor 77 €50.00
Investor 78 €58.00
Investor 79 €100.00
Investor 80 €52.00
Investor 81 €200.00
Investor 82 €50.00
Investor 83 €50.00
Investor 84 €50.00
Investor 85 €50.00
Investor 86 €51.50
Investor 87 €100.00
Investor 88 €75.00
Investor 89 €50.00
Investor 90 €500.00
Investor 91 €50.00
Investor 92 €100.00
Investor 93 €50.00
Investor 94 €50.00
Investor 95 €50.00
Investor 96 €50.00
Investor 97 €100.00
Investor 98 €103.00
Investor 99 €100.00
Investor 100 €50.00
Investor 101 €100.00
Investor 102 €50.00
Investor 103 €50.00
Investor 104 €50.00
Investor 105 €66.00
Investor 106 €50.00
Investor 107 €50.00
Investor 108 €100.00
Investor 109 €50.00
Investor 110 €50.00
Investor 111 €100.00
Investor 112 €50.00
Investor 113 €50.00
Investor 114 €1,000.00
Investor 115 €100.00
Investor 116 €50.00
Investor 117 €50.00
Investor 118 €100.00
Investor 119 €50.00
Investor 120 €52.00
Investor 121 €50.00
Investor 122 €250.00
Investor 123 €50.00
Investor 124 €50.00
Investor 125 €50.00
Investor 126 €600.00
Investor 127 €50.50
Investor 128 €51.00
Investor 129 €50.00
Investor 130 €50.00
Investor 131 €50.00
Investor 132 €50.00
Investor 133 €55.50
Investor 134 €50.00
Investor 135 €50.00
Investor 136 €455.77
Investor 137 €50.00
Investor 138 €50.00
Investor 139 €50.00
Investor 140 €134.31
Investor 141 €56.41
Investor 142 €100.00
Investor 143 €50.00
Investor 144 €50.00
Investor 145 €100.00
Investor 146 €100.00
Investor 147 €75.00
Investor 148 €69.51
Investor 149 €1,000.00
Investor 150 €500.00
Investor 151 €50.00
Investor 152 €50.00
Investor 153 €50.00
Investor 154 €50.00
Investor 155 €500.00
Investor 156 €50.00
Investor 157 €50.00
Investor 158 €252.52
Investor 159 €50.51
Investor 160 €100.00
Investor 161 €608.52
Investor 162 €50.00
Investor 163 €50.00
Investor 164 €50.00
Investor 165 €55.00
Investor 166 €50.00
Investor 167 €50.00
Investor 168 €50.49
Investor 169 €50.00
Investor 170 €50.00
Investor 171 €50.00
Investor 172 €50.00
Investor 173 €150.00
Investor 174 €1,000.00
Investor 175 €53.44
Investor 176 €50.00
Investor 177 €50.00
Investor 178 €50.00
Investor 179 €52.00
Investor 180 €56.25
Investor 181 €50.00
Investor 182 €102.00
Investor 183 €100.00
Investor 184 €50.00
Investor 185 €50.00
Investor 186 €53.43
Investor 187 €50.00
Investor 188 €50.00
Investor 189 €50.00
Investor 190 €50.00
Investor 191 €50.00
Investor 192 €50.00
Investor 193 €100.00
Investor 194 €75.00
Investor 195 €100.00
Investor 196 €5,000.00
Investor 197 €50.00
Investor 198 €50.00
Investor 199 €50.00
Investor 200 €53.00
Investor 201 €100.00
Investor 202 €50.00
Investor 203 €50.59
Investor 204 €56.00
Investor 205 €1,058.00
Investor 206 €150.00
Investor 207 €80.00
Investor 208 €50.00
Investor 209 €500.00
Investor 210 €56.00
Investor 211 €100.00
Investor 212 €50.00
Investor 213 €50.00
Investor 214 €500.00
Investor 215 €50.00
Investor 216 €50.00
Investor 217 €100.00
Investor 218 €1,000.00
Investor 219 €250.00
Investor 220 €50.00
Investor 221 €100.00
Investor 222 €50.00
Investor 223 €50.00
Investor 224 €50.00
Investor 225 €50.00
Investor 226 €5,000.00
Investor 227 €50.00
Investor 228 €50.00
Investor 229 €50.00
Investor 230 €500.00
Investor 231 €112.00
Investor 232 €144.00
Investor 233 €100.00
Investor 234 €50.00
Investor 235 €50.00
Investor 236 €50.50
Investor 237 €90.00
Investor 238 €50.00
Investor 239 €5,000.00
Investor 240 €100.00
Investor 241 €100.00
Investor 242 €50.00
Investor 243 €10.00
Investor 244 €55.00
Investor 245 €50.50
Investor 246 €50.00
Investor 247 €100.26
Investor 248 €100.00
Investor 249 €50.00
Investor 250 €100.00
Investor 251 €0.00
Totals €43,900.00
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