Funding for “Dzērves K” II

Loan

• Amount €20,500.00
• Interest rate 11%
• Term 12m
• Collateral type Machinery
• LTV 51%

Description

This project gives LANDE investors an opportunity to provide seasonal funding in the amount of € 20 500 for farming company SIA “Dzērves K” (40203346338), to receive a loan for purchase of a machinery. 

This project gives an opportunity to make a loan with an annual rate of 11 %, LTV of 51 %, a loan term of 12 months, with a monthly manner of interest payments.

Borrower SIA “Dzērves K” is a farming company engaged in crop production. This season “Dzērves K” is growing crops on 120 ha land, mostly wheat, rye and oats. Net turnover: 2021: € 38 691. Net profit: 2021: € 6 286. 

To secure the repayment of the loan, the borrower is pledging a farming machinery – tractor FENDT 820 VARIO. The market value of the machinery is € 40 300, which is determined by an independent appraisal "VCD ekspertu grupa".

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.

Documents

• Appraisal FENDT 731 820 VARIO

Other borrower loans

• Seasonal funding for “Dzērves K”