Funding for IK Dace Stuce
FG

Annual return 11%

Term 15m

LTV 56%

Funding for IK Dace Stuce

€29,875.00

Make investment

€19,268.61

Raised of €29,875.00

  • Available to invest €10,606.39
  • Investment count 173
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Loan

  • Amount €29,875.00
  • Interest rate 11%
  • Term 15m
  • Collateral type Grain
  • LTV 56%

Description

This project gives LANDE investors an opportunity to provide seasonal funding in the amount of €29 875 for farming company IK "DACE STUCE" (41202024823 ), to receive seasonal loan for purchase of machinery.

This project gives an opportunity to make a loan with an annual rate of 11 %, LTV of 56 %, a loan term of 15 months, with a monthly manner of interest payments.

Financial results for IK "DACE STUCE" in 2021 was : net turnover €106 942.88 and net profits €0.00.

In order to secure the repayment of the loan, the borrower has concluded an agreement for winter wheat sale of next years harvest in the volume of 100t. Borrower also has pledged the machinery that is being bought and the estimated value is €21 000. Making the total value of collateral to €53 000. ( Market review for machinery will be attached on 26.09.2022 )

The price of wheat is determined by the stock exchange and at the time of the harvest will be approximately € 320 per ton, thus the value of the harvest is estimated at  € 32 000.

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

The loan repayment schedule is informative and can be subject to change.
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 25.10.2022 €0.00 €273.85 €273.85
2 25.11.2022 €0.00 €273.85 €273.85
3 25.12.2022 €0.00 €273.85 €273.85
4 25.01.2023 €0.00 €273.85 €273.85
5 25.02.2023 €0.00 €273.85 €273.85
6 25.03.2023 €0.00 €273.85 €273.85
7 25.04.2023 €0.00 €273.85 €273.85
8 25.05.2023 €0.00 €273.85 €273.85
9 25.06.2023 €0.00 €273.85 €273.85
10 25.07.2023 €0.00 €273.85 €273.85
11 25.08.2023 €0.00 €273.85 €273.85
12 25.09.2023 €0.00 €273.85 €273.85
13 25.10.2023 €0.00 €273.85 €273.85
14 25.11.2023 €0.00 €273.85 €273.85
15 25.12.2023 €0.00 €273.85 €273.85
16 26.12.2023 €29,875.00 €0.00 €29,875.00

Borrower

  • Country Latvia, LV

Collateral

  • Country Latvia, LV
  • Collateral type Grain
  • Collateral value €53,000.00
  • LTV 56%

Investment Breakdown

Investor Amount
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 €100.00
Investor 8 €500.00
Investor 9 €50.00
Investor 10 €50.00
Investor 11 €50.00
Investor 12 €50.00
Investor 13 €50.00
Investor 14 €50.00
Investor 15 €50.00
Investor 16 €50.00
Investor 17 €100.00
Investor 18 €100.00
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 €100.00
Investor 30 €50.00
Investor 31 €50.00
Investor 32 €50.00
Investor 33 €50.00
Investor 34 €1,000.00
Investor 35 €250.00
Investor 36 €50.00
Investor 37 €50.00
Investor 38 €50.00
Investor 39 €50.00
Investor 40 €50.00
Investor 41 €75.00
Investor 42 €50.00
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 €50.00
Investor 50 €100.00
Investor 51 €75.00
Investor 52 €250.00
Investor 53 €50.00
Investor 54 €50.00
Investor 55 €50.00
Investor 56 €500.00
Investor 57 €50.00
Investor 58 €50.00
Investor 59 €50.00
Investor 60 €250.00
Investor 61 €50.00
Investor 62 €50.00
Investor 63 €50.00
Investor 64 €50.00
Investor 65 €50.00
Investor 66 €50.00
Investor 67 €50.00
Investor 68 €50.00
Investor 69 €50.00
Investor 70 €250.00
Investor 71 €50.00
Investor 72 €50.00
Investor 73 €50.00
Investor 74 €50.00
Investor 75 €50.00
Investor 76 €50.00
Investor 77 €50.00
Investor 78 €50.00
Investor 79 €50.00
Investor 80 €50.00
Investor 81 €200.00
Investor 82 €50.00
Investor 83 €50.59
Investor 84 €50.00
Investor 85 €50.00
Investor 86 €50.00
Investor 87 €50.00
Investor 88 €50.00
Investor 89 €50.00
Investor 90 €200.00
Investor 91 €50.00
Investor 92 €50.00
Investor 93 €50.00
Investor 94 €50.00
Investor 95 €50.00
Investor 96 €50.00
Investor 97 €50.00
Investor 98 €50.00
Investor 99 €50.00
Investor 100 €50.00
Investor 101 €50.00
Investor 102 €50.00
Investor 103 €75.00
Investor 104 €50.00
Investor 105 €50.00
Investor 106 €50.00
Investor 107 €110.00
Investor 108 €50.00
Investor 109 €1,177.00
Investor 110 €53.00
Investor 111 €59.00
Investor 112 €50.00
Investor 113 €50.00
Investor 114 €50.00
Investor 115 €50.00
Investor 116 €50.00
Investor 117 €261.00
Investor 118 €50.00
Investor 119 €77.00
Investor 120 €50.00
Investor 121 €50.00
Investor 122 €50.00
Investor 123 €50.00
Investor 124 €50.00
Investor 125 €50.00
Investor 126 €50.00
Investor 127 €50.00
Investor 128 €50.00
Investor 129 €50.00
Investor 130 €505.00
Investor 131 €50.00
Investor 132 €50.00
Investor 133 €50.00
Investor 134 €50.00
Investor 135 €50.00
Investor 136 €100.00
Investor 137 €60.00
Investor 138 €100.00
Investor 139 €50.00
Investor 140 €50.00
Investor 141 €50.00
Investor 142 €50.00
Investor 143 €50.00
Investor 144 €50.00
Investor 145 €50.00
Investor 146 €50.00
Investor 147 €50.00
Investor 148 €50.00
Investor 149 €100.00
Investor 150 €50.00
Investor 151 €100.00
Investor 152 €50.00
Investor 153 €50.00
Investor 154 €50.00
Investor 155 €50.00
Investor 156 €50.00
Investor 157 €50.00
Investor 158 €100.00
Investor 159 €5,024.29
Investor 160 €50.00
Investor 161 €50.00
Investor 162 €104.00
Investor 163 €112.73
Investor 164 €100.00
Investor 165 €50.00
Investor 166 €50.00
Investor 167 €50.00
Investor 168 €50.00
Investor 169 €50.00
Investor 170 €50.00
Investor 171 €100.00
Investor 172 €50.00
Investor 173 €50.00
Totals €19,268.61
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