Agricultural loan for seasonal funding
FG

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Agricultural loan for seasonal funding

€6,200.00

Make investment

€6,200.00

Raised of €6,200.00

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Loan

  • Amount €6,200.00
  • Interest rate 10%
  • Term 24m
  • Collateral type Land
  • LTV 55%

Description

This project gives LendSecured investors an opportunity to provide funding in the amount of € 6200 for a self-employed farmer, for seasonal funding.

This project gives an opportunity to make a loan with an annual rate of 10%, LTV of 55%, a loan term of 24 months, with a monthly manner of interest and principal payment.

The borrower is a farmer engaged in dairy farming. The borrower is seeking funds for working capital this season for the purchase of fuel, net wrap, etc. Borrower aims to repay the loan from incoming business revenues. The borrower is a recipient of support payments from the European Agricultural Guarantee Fund and the European Agricultural Fund for Rural Development.

The current market value of the collateral is estimated to be € 11 200 subsequently making the loan to collateral value ratio (LTV) - 55%.

 

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 collateral consists of agricultural land 4,48ha. In order to secure the claims, arising out of loan agreements, a first-hand mortgage in the amount of € 12 400 is registered on the collateral in the Land Register of Latvia. Aside from the mortgage, the collateral is debt-free.

Documents

  • Market review
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 25.04.2022 €6.85 €51.66 €58.51 Icon check Paid
2 25.05.2022 €6.95 €51.61 €58.56 Icon check Paid
3 25.06.2022 €7.06 €51.55 €58.61 Icon check Paid
4 25.07.2022 €7.16 €51.49 €58.65 Icon check Paid
5 25.08.2022 €7.27 €51.43 €58.70 Icon check Paid
6 25.09.2022 €7.38 €51.37 €58.75 Icon check Paid
7 25.10.2022 €7.49 €51.31 €58.80 Icon check Paid
8 25.11.2022 €7.60 €51.25 €58.85
9 25.12.2022 €7.72 €51.18 €58.90
10 25.01.2023 €7.83 €51.12 €58.95
11 25.02.2023 €7.95 €51.05 €59.00
12 25.03.2023 €8.07 €50.98 €59.05
13 25.04.2023 €8.19 €50.92 €59.11
14 25.05.2023 €8.31 €50.85 €59.16
15 25.06.2023 €8.44 €50.78 €59.22
16 25.07.2023 €8.56 €50.71 €59.27
17 25.08.2023 €8.69 €50.64 €59.33
18 25.09.2023 €8.82 €50.57 €59.39
19 25.10.2023 €8.96 €50.49 €59.45
20 25.11.2023 €9.09 €50.42 €59.51
21 25.12.2023 €9.23 €50.34 €59.57
22 25.01.2024 €9.36 €50.27 €59.63
23 25.02.2024 €9.50 €50.19 €59.69
24 25.03.2024 €9.65 €50.11 €59.76
25 25.03.2024 €6,003.87 €0.00 €6,003.87

Borrower

  • Country Latvia, LV

Collateral

  • Country Latvia, LV
  • Collateral type Land
  • Collateral value €11,200.00
  • LTV 55%

Investment Breakdown

Investor Amount
Anchor investments €46.76
Investor 1 -€0.06
Investor 2 €49.64
Investor 3 €99.22
Investor 4 €49.64
Investor 5 €49.64
Investor 6 €49.64
Investor 7 €49.64
Investor 8 €49.64
Investor 9 €68.48
Investor 10 €49.64
Investor 11 €49.64
Investor 12 €49.64
Investor 13 €248.01
Investor 14 €74.43
Investor 15 €49.64
Investor 16 €49.64
Investor 17 €148.82
Investor 18 €49.64
Investor 19 €49.64
Investor 20 €49.64
Investor 21 €99.22
Investor 22 €59.55
Investor 23 €49.64
Investor 24 €49.64
Investor 25 €49.64
Investor 26 €0.70
Investor 27 €49.64
Investor 28 €49.64
Investor 29 €49.64
Investor 30 €49.64
Investor 31 €49.64
Investor 32 €49.64
Investor 33 €49.64
Investor 34 €49.64
Investor 35 €49.64
Investor 36 €49.64
Investor 37 €49.64
Investor 38 €49.64
Investor 39 €99.22
Investor 40 €495.99
Investor 41 €49.64
Investor 42 €49.64
Investor 43 €49.64
Investor 44 €49.64
Investor 45 €50.14
Investor 46 €49.64
Investor 47 €49.64
Investor 48 €86.33
Investor 49 €49.64
Investor 50 €49.64
Investor 51 €49.64
Investor 52 €49.64
Investor 53 €49.64
Investor 54 €99.22
Investor 55 €495.99
Investor 56 €198.41
Investor 57 €119.06
Investor 58 €49.64
Investor 59 €49.64
Investor 60 €49.64
Investor 61 €49.64
Investor 62 €49.64
Investor 63 €64.51
Investor 64 €49.64
Investor 65 €99.22
Investor 66 €69.47
Investor 67 €49.64
Investor 68 €99.22
Investor 69 €99.22
Investor 70 €49.64
Investor 71 €49.64
Investor 72 €49.64
Investor 73 €49.64
Investor 74 €49.64
Investor 75 €148.82
Investor 76 €49.64
Investor 77 €49.64
Investor 78 €155.15
Investor 79 €49.64
Investor 80 €49.64
Investor 81 €49.64
Investor 82 €0.00
Investor 83 €46.76
Investor 84 €2.51
Investor 85 €46.44
Totals €6,200.00
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