Funding for seasonal operational costs
FG

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Funding for seasonal operational costs

€5,000.00

Make investment

€5,000.00

Raised of €5,000.00

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Loan

  • Amount €5,000.00
  • Interest rate 10%
  • Term 24m
  • Collateral type Land
  • LTV 14%

Description

This project provides LANDE investors with an opportunity to finance an agricultural loan secured by a first-rank mortgage on the real estate “Zīles”, located in Ziemera parish for borrower Jana Spēlīte who is engaged in crop production and cattle farming. 

The funding target for this project is € 5000, which will be used for seasonal operational costs.

Annual interest 10%, LTV 14 %, loan term: 24 months, with a monthly manner of interest payments.

The collateral consists of a land plot with a total area of 14.8 ha consisting of agricultural land and forest land. To secure the claims, arising out of loan agreements, a first-hand mortgage in the amount of € 10 000.00  will be registered on the collateral in the Land Register of Latvia. Aside from the mortgage, the collateral is debt-free. The current market value of the collateral is estimated at € 35 520 subsequently making loan to collateral value ratio (LTV) - 14%.

The demand for agricultural land currently in Latvia exceeds supply and 25% of farmers are forced to rent the land, as there is none available on the market. The price of agricultural land plots in the parish of the collateral is € 2400 per ha.

Documents

  • Market review Zīles
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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 15.09.2022 €0.00 €41.66 €41.66
2 15.10.2022 €0.00 €41.66 €41.66
3 15.11.2022 €0.00 €41.66 €41.66
4 15.12.2022 €0.00 €41.66 €41.66
5 15.01.2023 €0.00 €41.66 €41.66
6 15.02.2023 €0.00 €41.66 €41.66
7 15.03.2023 €0.00 €41.66 €41.66
8 15.04.2023 €0.00 €41.66 €41.66
9 15.05.2023 €0.00 €41.66 €41.66
10 15.06.2023 €0.00 €41.66 €41.66
11 15.07.2023 €0.00 €41.66 €41.66
12 15.08.2023 €0.00 €41.66 €41.66
13 15.09.2023 €0.00 €41.66 €41.66
14 15.10.2023 €0.00 €41.66 €41.66
15 15.11.2023 €0.00 €41.66 €41.66
16 15.12.2023 €0.00 €41.66 €41.66
17 15.01.2024 €0.00 €41.66 €41.66
18 15.02.2024 €0.00 €41.66 €41.66
19 15.03.2024 €0.00 €41.66 €41.66
20 15.04.2024 €0.00 €41.66 €41.66
21 15.05.2024 €0.00 €41.66 €41.66
22 15.06.2024 €0.00 €41.66 €41.66
23 15.07.2024 €0.00 €41.66 €41.66
24 15.08.2024 €0.00 €41.66 €41.66
25 16.08.2024 €5,000.00 €0.00 €5,000.00

Borrower

  • Country Latvia, LV

Collateral

  • Country Latvia, LV
  • Collateral type Land
  • Collateral value €35,520.00
  • LTV 14%

Investment Breakdown

Investor Amount
Anchor investments €48.00
Investor 1 €50.00
Investor 2 €50.00
Investor 3 €50.00
Investor 4 €50.00
Investor 5 €50.00
Investor 6 €250.00
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 €50.00
Investor 14 €50.00
Investor 15 €250.00
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 €50.00
Investor 23 €50.00
Investor 24 €50.00
Investor 25 €50.00
Investor 26 €50.00
Investor 27 €1,000.00
Investor 28 €50.00
Investor 29 €50.00
Investor 30 €24.00
Investor 31 €50.00
Investor 32 €150.00
Investor 33 €50.00
Investor 34 €50.00
Investor 35 €50.00
Investor 36 €50.00
Investor 37 €250.00
Investor 38 €50.00
Investor 39 €50.00
Investor 40 €200.00
Investor 41 €50.00
Investor 42 €50.00
Investor 43 €50.00
Investor 44 €50.00
Investor 45 €50.00
Investor 46 €50.00
Investor 47 €50.00
Investor 48 €150.00
Investor 49 €50.00
Investor 50 €50.00
Investor 51 €50.00
Investor 52 €50.00
Investor 53 €50.00
Investor 54 €50.00
Investor 55 €100.00
Investor 56 €50.00
Investor 57 €50.00
Investor 58 €0.00
Investor 59 €50.00
Investor 60 €50.00
Investor 61 €48.00
Totals €5,000.00
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