€ 6000.00
Raised of € 6000.00
Project is fully funded
Summer Cash Back Campaign
- Invest €500+ and receive 0.5% cashback
- Invest €1,000+ and receive 1% cashback
- Invest €5,000+ and receive 2% cashback
* investment should be made in single project
Loan
- Amount € 6000.00
- Interest rate 10%
- Term 17m
- Collateral type Land
- LTV 32%
Description
This project gives LANDE investors an opportunity to provide funding in the amount of € 6 000 for Self-employed farmer to receive loan for working capital.
The annual interest rate of 10%, LTV of 32%, loan term is 17 months. The Loan is repaid in several payments according to a schedule agreed with the Borrower. Interest payments on the use of the Loan shall be made monthly in accordance with the Schedule.
The borrower is engaged in cattle farming, managing 30 ha of agricultural land and owning 30 livestock animals. Financial results in 2023 were: annual turnover € 52 000.
The collateral consists of a land plot with a total area of 5.39 ha of agricultural land located in Tauragės r. sav., Skaudvilės sen., Očikių k., 7701/0005:161 Adakavo k.v. Unique item number: 7701-0005-0161.
In order to secure the claims, arising out of loan agreements, a first-hand mortgage in the amount of € 19 000 is registered on the collateral in the Land Register of Lithuania.
The borrower aims to repay the loan from incoming business revenue.
The borrower is a recipient of support payments from the European Agricultural Guarantee Fund and the European Agricultural Fund for Rural Development.
Other borrower loans
Schedule
| # | Date | Principal | Interest | Total | Status |
|---|---|---|---|---|---|
| 1 | 27.07.2024 | € 0.00 | € 50.00 | € 50.00 | |
| 2 | 27.08.2024 | € 0.00 | € 50.00 | € 50.00 | |
| 3 | 27.09.2024 | € 0.00 | € 50.00 | € 50.00 | |
| 4 | 27.10.2024 | € 0.00 | € 50.00 | € 50.00 | |
| 5 | 27.11.2024 | € 0.00 | € 50.00 | € 50.00 | |
| 6 | 27.12.2024 | € 0.00 | € 50.00 | € 50.00 | |
| 7 | 27.01.2025 | € 0.00 | € 50.00 | € 50.00 | |
| 8 | 27.02.2025 | € 0.00 | € 50.00 | € 50.00 | |
| 9 | 27.03.2025 | € 0.00 | € 50.00 | € 50.00 | |
| 10 | 27.04.2025 | € 0.00 | € 50.00 | € 50.00 | |
| 11 | 27.05.2025 | € 0.00 | € 50.00 | € 50.00 | |
| 12 | 27.06.2025 | € 0.00 | € 50.00 | € 50.00 | |
| 13 | 27.07.2025 | € 0.00 | € 50.00 | € 50.00 | |
| 14 | 27.08.2025 | € 0.00 | € 50.00 | € 50.00 | |
| 15 | 27.09.2025 | € 0.00 | € 50.00 | € 50.00 | |
| 16 | 27.10.2025 | € 0.00 | € 50.00 | € 50.00 | |
| 17 | 27.11.2025 | € 6000.00 | € 50.00 | € 6050.00 |
Borrower
- Country Lithuania, LT
Collateral
- Country Lithuania, LT
- Collateral type Land
- Collateral value € 19000.00
- LTV 32%
Investment Breakdown
| Investor | Amount | |
|---|---|---|
| Anchor investments | € 40.00 | |
| Investor 1 | € 100.00 | |
| Investor 2 | € 100.00 | |
| Investor 3 | € 50.00 | |
| Investor 4 | € 50.00 | |
| Investor 5 | € 800.00 | |
| Investor 6 | € 150.00 | |
| Investor 7 | € 50.00 | |
| Investor 8 | € 100.00 | |
| Investor 9 | € 50.00 | |
| Investor 10 | € 50.00 | |
| Investor 11 | € 100.00 | |
| Investor 12 | € 50.00 | |
| Investor 13 | € 500.00 | |
| Investor 14 | € 100.00 | |
| Investor 15 | € 250.00 | |
| Investor 16 | € 100.00 | |
| Investor 17 | € 100.00 | |
| Investor 18 | € 50.00 | |
| Investor 19 | € 50.00 | |
| Investor 20 | € 100.00 | |
| 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 | € 500.00 | |
| Investor 28 | € 50.00 | |
| Investor 29 | € 500.00 | |
| Investor 30 | € 300.00 | |
| Investor 31 | € 60.00 | |
| Investor 32 | € 50.00 | |
| Investor 33 | € 100.00 | |
| Investor 34 | € 50.00 | |
| Investor 35 | € 50.00 | |
| Investor 36 | € 50.00 | |
| Investor 37 | € 50.00 | |
| Investor 38 | € 50.00 | |
| Investor 39 | € 50.00 | |
| Investor 40 | € 250.00 | |
| Investor 41 | € 50.00 | |
| Investor 42 | € 50.00 | |
| Investor 43 | € 100.00 | |
| Investor 44 | € 50.00 | |
| Investor 45 | € 50.00 | |
| Investor 46 | € 50.00 | |
| Investor 47 | € 250.00 | |
| Investor 48 | € 50.00 | |
| Investor 49 | € 40.00 | |
| Totals | € 6000.00 |