Funding for Self-employed farmer
FG
RO

Icon check Project is fully funded

Funding for Self-employed farmer

€ 0.00

Make investment

€ 0.00

Raised of € 0.00

Icon check Project is fully funded

Loan

  • Amount € 0.00
  • Interest rate 10%
  • Term 12m
  • Collateral type Machinery
  • LTV 58%

Description

This project gives LANDE investors an opportunity to provide funding in the amount of € 13 230 for Self-employed farmer to re-finance an exisiting loan for which loan term will be extended by additional 12 months.

The annual interest rate of 10%, LTV of 58%. The Loan is repaid by one payment on the last day of the Loan maturity term. The interest for the Loan use is paid each month in accordance with the Schedule.

The borrower is engaged in crop farming, managing 120 ha of arable land and growing wheat, oats and other grains. Financial results for 2022 were: declared income € 115 504, profit € 13 915.

To secure the repayment of the loan, the borrower is pledging farming machinery: Tractor Claas, model Dominator 108SL 094, registration number T564ZM, VIN 09402299. The current market value of machinery is estimated to be € 23 000.

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.

Documents

  • Machinery appraisal
Please login to see a list of documents.

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 05.01.2024 € 0.00 € 0.00 € 0.00 Icon check Paid
2 05.02.2024 € 0.00 € 0.00 € 0.00 Icon check Paid
3 21.02.2024 € 0.00 € 0.00 € 0.00 Icon check Paid

Borrower

  • Country Latvia, LV

Collateral

  • Country Latvia, LV
  • Collateral type Machinery
  • Collateral value € 23000.00
  • LTV 58%

Investment Breakdown

Project should be published to get some investments.