Funding for Z/S “MB TEHNIKA”
FG

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Funding for Z/S “MB TEHNIKA”

€7,150.00

Make investment

€7,150.00

Raised of €7,150.00

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Loan

  • Amount €7,150.00
  • Interest rate 10%
  • Term 6m
  • Collateral type Grain
  • LTV 57%

Description

This project gives LANDE investors an opportunity to provide seasonal funding in the amount of € 7150 for farming company Z/S “MB TEHNIKA” (44101036506), to receive seasonal loan for machinery repairs and  seasonal costs.

This project gives an opportunity to make a loan with an annual rate of 10 %, LTV of 57 %, a loan term of 6 months, with a monthly manner of interest payments.

Borrower Z/S “MB TEHNIKA” is a farming company engaged in crop production. This season Z/S “MB TEHNIKA” is growing crops on 40 ha land, mostly organic wheat.

To secure the repayment of the loan, the borrower has concluded an agreement for organic oats sale in volume of 50 t. The repayment of the loan will be done once the harvest will be handed to the buyer.

The price of organic oats is determined by the market price and at the time of the harvest will be approximately € 250 per ton, thus the value of the harvest is estimated at  € 12 500.

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 10.09.2022 €0.00 €59.58 €59.58
2 10.10.2022 €0.00 €59.58 €59.58
3 10.11.2022 €0.00 €59.58 €59.58
4 10.12.2022 €0.00 €59.58 €59.58
5 10.01.2023 €0.00 €59.58 €59.58
6 10.02.2023 €0.00 €59.58 €59.58
7 11.02.2023 €7,150.00 €0.00 €7,150.00

Borrower

  • Country Latvia, LV

Collateral

  • Country Latvia, LV
  • Collateral type Grain
  • Collateral value €12,500.00
  • LTV 57%

Investment Breakdown

Investor Amount
Anchor investments €45.74
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 €100.00
Investor 15 €50.00
Investor 16 €50.00
Investor 17 €250.00
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 €50.00
Investor 28 €50.00
Investor 29 €50.00
Investor 30 €50.00
Investor 31 €50.00
Investor 32 €1,000.00
Investor 33 €250.00
Investor 34 €50.00
Investor 35 €50.00
Investor 36 €0.00
Investor 37 €100.00
Investor 38 €250.00
Investor 39 €50.00
Investor 40 €50.00
Investor 41 €250.00
Investor 42 €150.00
Investor 43 €50.00
Investor 44 €50.00
Investor 45 €50.00
Investor 46 €50.00
Investor 47 €50.00
Investor 48 €50.00
Investor 49 €200.00
Investor 50 €250.00
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 €50.00
Investor 59 €150.00
Investor 60 €50.00
Investor 61 €50.00
Investor 62 €50.00
Investor 63 €250.00
Investor 64 €50.00
Investor 65 €50.00
Investor 66 €50.00
Investor 67 €50.00
Investor 68 €500.00
Investor 69 €50.00
Investor 70 €100.00
Investor 71 €50.00
Investor 72 €50.00
Investor 73 €255.00
Investor 74 €65.42
Investor 75 €81.84
Investor 76 €45.74
Totals €7,150.00
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