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LANDE Platform Performance Report – January 2025

You're reading the January 2025 edition of LANDE's Platform Performance Report, which we publish monthly to highlight our progress in loan issuance and debt collection and provide insight into other platform or team developments. 

January was another very successful month for LANDE, with a second record month in a row in terms of the amount of interest earned by investors, as well as solid results on all other fronts.  

The total amount farmers borrowed through the LANDE platform across our three markets in January 2025 was €1,123,083 across 41 projects (avg. project value €27,392). The breakdown by country is as follows: 

The share of loans issued in January that were backed by either land/property or machinery in each market was the following: Romania 90%; Lithuania 100%; Latvia 95%.  

161 new investors registered on the LANDE Platform in January. 

LANDE investors earned a total of €178,270 in interest in January, marking the second month of record highs, with the all-time total having now reached €2.54 million. 

The Investor Relations team reported a stable number of customer support tickets submitted in January compared to the previous month, with no significant issues generating high ticket volumes. 

 

The IT team mostly worked on back-end improvements and internal optimizations during January, but also focused on planning their priorities for 2025, which will include upgrades to the platform interface for smoother navigation and enhanced functionality, improvements to the auto-invest feature and user verification process, and many more performance enhancements. 

The 3% cashback campaign continues!  

New investors get 3% back on all investments they make on the Primary Market in the first 30 days on the platform using this link. Additionally, all investors will get a 1% referral bonus for recommending our platform to a friend using the unique referral link on their dashboards (bonus applies to the investments made by the referred user in the first 30 days). 

Loan repayment statistics  

 

At the end of January there were 1,337 projects funded through the LANDE platform, of which 681 had been repaid in full while 656 were active, with their repayment status detailed below (+comparison with previous month):

Loans with collateral consisting of livestock and harvest hold the highest shares of 90+ day delays, which is why we have been moving away from these collateral categories and focusing more on securing projects backed by land and/or machinery. 

Repaid principal totalled €1,773,054 in January (once again a historical monthly record – second in a row!), while the all-time total has reached €14.84 million.  

More real-time portfolio data can be found on our statistics page.  

Debt collection stages 

 

Below is a breakdown of debt collection stages for delayed loans. Most of the 90+ loans are already in the enforcement phase with bailiffs engaged in recovering the value of the collateral.

Details about debt collection stages can be found here. 

 

Market highlights 

Latvia: 

Latvian farmers are optimistic about the new season, with many already preparing for the months ahead. Favorable winter conditions have created a strong foundation for a successful year, boosting confidence across the sector. 

While some subsidy payments have been slower than expected, we remain proactive in supporting our clients. To further strengthen our operations, we expanded our Debt Collection team in January, bringing on an experienced industry professional to enhance recovery efforts. Additionally, we’ve partnered up with two companies that have already agreed to refinance three defaulted or significantly delayed clients. 

Romania:  

In January, Romanian farmers continued their preparations for the upcoming spring agricultural season, focusing on soil preparation and investment planning. According to the Minister of Agriculture, 2025 is expected to be a strong year for Romanian agriculture, with significant yields projected for key crops. 

On the debt collection side, we issued a high number of early repayment notifications to support a proactive approach to risk management, with several followed by enforcement actions. We will continue to monitor the market and adjust our strategies accordingly to ensure stable returns for our investors and ongoing support for farmers.

Lithuania:  

 

In January, we continued to see a strong trend of loan repayments—borrowers are returning to LANDE with improved collateral and seeking higher financing. This month, most loans were taken to support working capital, as clients are gradually preparing for the new season and beginning to express a growing need for financing. Additionally, we had a fully repaid defaulted loan. Farmers are slowly regaining stability and seeking solutions. In the Lithuanian market, strong communication with borrowers has been effective in preventing new defaults.

19.02.2025
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