Seasonal funding for "LAZDAS"
FG

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Seasonal funding for "LAZDAS"

€5,800.00

Make investment

€5,800.00

Raised of €5,800.00

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Loan

  • Amount €5,800.00
  • Interest rate 10%
  • Term 5m
  • Collateral type Financial
  • LTV 42%

Description

MĒRDZENES PAGASTA ZEMNIEKU SAIMNIECĪBA "LAZDAS" (42401019954) is a family farming company engaged in cattle farming since 2012. Farm has 75 cattle bulls at their disposal. 2021 financials: Net turnover: EUR 19203.67, net profit: EUR 8210.25.

This project gives LANDE investors an opportunity to provide funding in the amount of € 5 800 for a family farming MĒRDZENES PAGASTA ZEMNIEKU SAIMNIECĪBA "LAZDAS" (42401019954), to receive a funds for fuel expenses during harvesting season. “LAZDAS” is engaged in cattle farming since 2012. Farm has 75 cattle bulls at their disposal. 2021 financials: Net turnover: EUR 19203.67, net profit: EUR 8210.25.

In this project borrower pledges a financial pledge – all the subsidy and guarantee payments due to "LAZDAS" for the year 2022. The amount due is EUR 13772.51, which makes LTV for this project: 42%

Annual interest 10%, LTV 42 %, loan term: 5 months, with a monthly manner of interest payments.

The borrower is a recipient of support payments from European Agricultural Guarantee Fund and European Agricultural Fund for Rural Development. For additional guarantee the owner of the farm is giving a personal surety in the full loan amount.

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 05.09.2022 €0.00 €48.33 €48.33
2 05.10.2022 €0.00 €48.33 €48.33
3 05.11.2022 €0.00 €48.33 €48.33
4 05.12.2022 €0.00 €48.33 €48.33
5 05.01.2023 €0.00 €48.33 €48.33
6 06.01.2023 €5,800.00 €0.00 €5,800.00

Borrower

  • Country Latvia, LV

Collateral

  • Country Latvia, LV
  • Collateral type Financial
  • Collateral value €13,772.51
  • LTV 42%

Investment Breakdown

Investor Amount
Anchor investments €38.00
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 €50.00
Investor 12 €50.00
Investor 13 €60.00
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 €250.00
Investor 21 €250.00
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 €250.00
Investor 30 €50.00
Investor 31 €50.00
Investor 32 €50.00
Investor 33 €50.00
Investor 34 €50.00
Investor 35 €50.00
Investor 36 €500.00
Investor 37 €50.00
Investor 38 €250.00
Investor 39 €500.00
Investor 40 €50.00
Investor 41 €1,000.00
Investor 42 €100.00
Investor 43 €250.00
Investor 44 €50.00
Investor 45 €50.00
Investor 46 €50.00
Investor 47 €50.00
Investor 48 €0.00
Investor 49 €50.00
Investor 50 €50.00
Investor 51 €150.00
Investor 52 €38.00
Totals €5,800.00
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