Seasonal funding for purchase of harvester
FG

Icon check Project is fully funded

Seasonal funding for purchase of harvester

€5,900.00

Make investment

€5,900.00

Raised of €5,900.00

Icon check Project is fully funded

Loan

  • Amount €5,900.00
  • Interest rate 10%
  • Term 5m
  • Collateral type Machinery
  • LTV 15%

Description

This project gives LANDE investors an opportunity to provide funding in the amount of € 5 900 for a self-employed farmer Kristīne Pole, to receive a funds for purchasing potato harvester. Borrower is engaged in potato growing and selling for different markets.

This project gives an opportunity to make a loan with an annual rate of 10 %, LTV of 15%, a loan term of 5 months, with a monthly manner of interest payments.

To secure the repayment of the loan, the borrower is pledging a farming machinery – tractor Massey Ferguson 6475. The market value of the machinery is EUR 39 000, which is determined by an independent appraisal.

The borrower is a recipient of support payments from European Agricultural Guarantee Fund and European Agricultural Fund for Rural Development.

Documents

  • Appraisal of Massey Ferguson 6475
Please login to see a list of documents.

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 €49.16 €49.16
2 05.10.2022 €0.00 €49.16 €49.16
3 05.11.2022 €0.00 €49.16 €49.16
4 05.12.2022 €0.00 €49.16 €49.16
5 05.01.2023 €0.00 €49.16 €49.16
6 06.01.2023 €5,900.00 €0.00 €5,900.00

Borrower

  • Country Latvia, LV

Collateral

  • Country Latvia, LV
  • Collateral type Machinery
  • Collateral value €39,000.00
  • LTV 15%

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 €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 €50.00
Investor 14 €250.00
Investor 15 €250.00
Investor 16 €50.00
Investor 17 €50.00
Investor 18 €50.00
Investor 19 €100.00
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 €30.00
Investor 27 €50.00
Investor 28 €50.00
Investor 29 €500.00
Investor 30 €50.00
Investor 31 €250.00
Investor 32 €1,000.00
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 €0.00
Investor 40 €50.00
Investor 41 €100.00
Investor 42 €250.00
Investor 43 €50.00
Investor 44 €100.00
Investor 45 €250.00
Investor 46 €250.00
Investor 47 €50.00
Investor 48 €50.00
Investor 49 €250.00
Investor 50 €150.00
Investor 51 €50.00
Investor 52 €50.00
Investor 53 €48.00
Totals €5,900.00
To leave a comments you will need to log in.