Funding for MB Sesuoleliu ukis

Paskola

• Suma € 23400.00
• Palūkanų norma 12%
• Laikotarpis 36m
• Įkaito tipas Gyvuliai
• LTV 49%

Apibūdinimas

This project gives LANDE investors an opportunity to provide funding in the amount of € 23 400 for farming company MB "Sesuoleliu ukis", in order to expand livestock and purchase new farm animals.

This project gives an opportunity to make a loan with an annual rate of 12%, LTV of 49%, loan term of 36 months, with a monthly manner of interest payments and final payment with interest and pricipal payment.

The borrower is agriculture company located in Lithuania and is engaged into sheep farming.

Lina Reimerien, an experienced farmer, decided to start her own farm in 2022 and owns MB "Sesuoleliu ukis." Beginning with 40 livestock animals, MB "Sesuoleliu ukis" achieved excellent results in their first year reaching net turnover of €41 253 and plans to expand in the coming years. Lina is looking for a loan at LANDE to help her expand.

In order to secure the repayment of the loan, the borrower has concluded an agreement of 170 livestock animals, sheep (158) and goat (12). The avarage cost of sheep or goat in Lithuania is €283, making the total value of collateral to €48 110. First-hand commercial pledge on all borrower’s assets will be registered in the Lithuanian Enterprise Register in the amount of € 46 800.

The borrower aims to repay the loan from incoming business revenues.