This project gives LendSecured investors an opportunity to provide seasonal funding in the amount of € 5 300 for "Agro TK" Ltd, registration No.55403055751, in order to secure working capital until the harvest.
This project gives an opportunity to make a loan with an annual rate of 11%, LTV of 44%, loan term of 6 months, with monthly manner of interest payments.
Borrower is a newly established company (operating since 2019) engaged in growing of cereals, vegetables and melons, roots and tubers. In order to secure the repayment of the loan, the borrower has concluded an agreement for oat sale in volume of 60t. The repayment of the loan will be done, once the harvest will be handed to the buyer.
The price of oat is not determined by the stock exchange, but buy buyer, and is approximately EUR 200,00 per ton, making the value of the harvest EUR 12 000,00.
To avoid loss of crops due to natural disasters, such as hail, rainfall or storm, the harvest will be insured.
by owner Kaspars Trušus
against loss of crops due to natural disasters, such as hail, rainfall, storm