Funding for Mazģeriņi U.K.
FG
RO

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Funding for Mazģeriņi U.K.

€ 10255.00

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€ 10255.00

Raised of € 10255.00

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Loan

  • Amount € 10255.00
  • Interest rate 10%
  • Term 10m
  • Collateral type Subsidy
  • LTV 25%

Description

This project gives LANDE investors an opportunity to provide funding in the amount of € 10 255 for company Mazģeriņi U.K. to re-finance an exisiting loan for which loan term will be extended by additional 10 months. 

The annual interest rate of 10%, LTV of 25%. 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 215 ha of arable land and growing wheat, rapeseed and other grains. Financial results in 2022 were: net revenue: € 218 204.

In this project, the borrower pledges a financial pledge – all the subsidy and guarantee payments due to Mazģeriņi U.K. for the year 2022. The amount due is € 30 705.

To secure the repayment of the loan, the borrower is pledging farming machinery Soli cultivator Laumetris, model KLS-4, VIN 072600. The current market value of all machinery is estimated to be € 11 000.

The borrower aims to repay the loan with 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

  • Land evaluation
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 20.03.2024 € 0.00 € 85.45 € 85.45
2 20.04.2024 € 0.00 € 85.45 € 85.45
3 20.05.2024 € 0.00 € 85.45 € 85.45
4 20.06.2024 € 0.00 € 85.45 € 85.45
5 20.07.2024 € 0.00 € 85.45 € 85.45
6 20.08.2024 € 0.00 € 85.45 € 85.45
7 20.09.2024 € 0.00 € 85.45 € 85.45
8 20.10.2024 € 0.00 € 85.45 € 85.45
9 20.11.2024 € 0.00 € 85.45 € 85.45
10 20.12.2024 € 10255.00 € 85.45 € 10340.45

Borrower

  • Country Latvia, LV

Collateral

  • Country Latvia, LV
  • Collateral type Subsidy
  • Collateral value € 41705.00
  • LTV 25%

Investment Breakdown

Investor Amount
Investor 1 € 50.00
Investor 2 € 50.00
Investor 3 € 100.00
Investor 4 € 50.00
Investor 5 € 1000.00
Investor 6 € 50.00
Investor 7 € 50.00
Investor 8 € 250.00
Investor 9 € 50.00
Investor 10 € 55.00
Investor 11 € 1100.00
Investor 12 € 250.00
Investor 13 € 50.00
Investor 14 € 700.00
Investor 15 € 50.00
Investor 16 € 50.00
Investor 17 € 50.00
Investor 18 € 50.00
Investor 19 € 50.00
Investor 20 € 50.00
Investor 21 € 50.00
Investor 22 € 100.00
Investor 23 € 50.00
Investor 24 € 250.00
Investor 25 € 50.00
Investor 26 € 50.00
Investor 27 € 250.00
Investor 28 € 50.00
Investor 29 € 100.00
Investor 30 € 250.00
Investor 31 € 50.00
Investor 32 € 50.00
Investor 33 € 250.00
Investor 34 € 250.00
Investor 35 € 50.00
Investor 36 € 50.00
Investor 37 € 50.00
Investor 38 € 50.00
Investor 39 € 100.00
Investor 40 € 250.00
Investor 41 € 250.00
Investor 42 € 50.00
Investor 43 € 50.00
Investor 44 € 50.00
Investor 45 € 50.00
Investor 46 € 50.00
Investor 47 € 200.00
Investor 48 € 50.00
Investor 49 € 50.00
Investor 50 € 50.00
Investor 51 € 50.00
Investor 52 € 50.00
Investor 53 € 250.00
Investor 54 € 50.00
Investor 55 € 50.00
Investor 56 € 250.00
Investor 57 € 50.00
Investor 58 € 50.00
Investor 59 € 50.00
Investor 60 € 50.00
Investor 61 € 50.00
Investor 62 € 50.00
Investor 63 € 250.00
Investor 64 € 50.00
Investor 65 € 250.00
Investor 66 € 250.00
Investor 67 € 100.00
Investor 68 € 50.00
Investor 69 € 50.00
Investor 70 € 50.00
Investor 71 € 250.00
Investor 72 € 50.00
Investor 73 € 250.00
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
Totals € 10255.00