Funding for Z/S MAZKĀVUŽAS
FG

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Funding for Z/S MAZKĀVUŽAS

€6,000.00

Make investment

€6,000.00

Raised of €6,000.00

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Loan

  • Amount €6,000.00
  • Interest rate 10%
  • Term 4m
  • Collateral type Grain
  • LTV 44%

Description

This project gives LANDE investors an opportunity to provide seasonal funding in the amount of € 6000 for farming company Z/S Mazkāvužas (48501015737), to receive seasonal loan for working capital and fuel costs during harvesting. 

This project gives an opportunity to make a loan with an annual rate of 10 %, LTV of 44 %, a loan term of 4 months, with a monthly manner of interest payments.

Borrower Z/S Mazkāvužas is a farming company engaged in crop production. This season Z/S Mazkāvužas is growing crops on 27.14 ha land, of winter wheat. Net turnover for 2020: €8 354 and for 2021: €615.

To secure the repayment of the loan, the borrower has concluded an agreement for winter wheat sale in volume of 40 t. The repayment of the loan will be done once the harvest will be handed to the buyer.

The price of wheat is determined by the stock exchange and at the time of the harvest will be approximately € 340 per ton, thus the value of the harvest is estimated at  € 13 600.

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.

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 20.09.2022 €0.00 €50.00 €50.00
2 20.10.2022 €0.00 €50.00 €50.00
3 20.11.2022 €0.00 €50.00 €50.00
4 20.12.2022 €0.00 €50.00 €50.00
5 21.12.2022 €6,000.00 €0.00 €6,000.00

Borrower

  • Country Latvia, LV

Collateral

  • Country Latvia, LV
  • Collateral type Grain
  • Collateral value €13,600.00
  • LTV 44%

Investment Breakdown

Investor Amount
Anchor investments €29.00
Investor 1 €50.00
Investor 2 €0.01
Investor 3 €50.00
Investor 4 €0.01
Investor 5 €50.00
Investor 6 €0.01
Investor 7 €0.01
Investor 8 €50.00
Investor 9 €0.01
Investor 10 €50.00
Investor 11 €0.01
Investor 12 €0.01
Investor 13 €50.00
Investor 14 €50.00
Investor 15 €0.01
Investor 16 €0.01
Investor 17 €0.01
Investor 18 €0.01
Investor 19 €250.00
Investor 20 €0.01
Investor 21 €50.00
Investor 22 €50.00
Investor 23 €50.00
Investor 24 €0.01
Investor 25 €50.00
Investor 26 €0.01
Investor 27 €0.01
Investor 28 €50.00
Investor 29 €0.01
Investor 30 €0.01
Investor 31 €50.00
Investor 32 €1,000.00
Investor 33 €0.01
Investor 34 €250.00
Investor 35 €0.01
Investor 36 €0.00
Investor 37 €0.01
Investor 38 €0.01
Investor 39 €0.01
Investor 40 €0.01
Investor 41 €0.01
Investor 42 €50.00
Investor 43 €250.00
Investor 44 €50.00
Investor 45 €50.00
Investor 46 €0.01
Investor 47 €0.01
Investor 48 €50.00
Investor 49 €200.00
Investor 50 €0.01
Investor 51 €0.01
Investor 52 €0.01
Investor 53 €50.00
Investor 54 €0.00
Totals €6,000.00
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