This project gives LendSecured investors an opportunity to provide seasonal funding in the amount of € 21 400 for Konstantinovas pagasta zemnieku saimniecība "Skudras", registration No.41501024191, in order to secure working capital until the harvest.
This project gives an opportunity to make a loan with an annual rate of 12%, LTV of 58%, loan term of 5 months, with monthly manner of interest payments.
Borrower has been operating since 2005 and is engaged in various fields, such as agriculture, forestry, fishing, manufacture of food products and beverages, supporting and auxiliary transport activities. In order to secure the repayment of the loan, the borrower has concluded an agreement for rapeseed in volume of 75t. The repayment of the loan will be done, once the harvest will be handed to the buyer.
The price of rapeseed is determined by the stock exchange and at the time of the harvest will be approximately EUR 488 per ton, making the value of the harvest EUR 36 600,00.
To avoid loss of crops due to natural disasters, such as hail, rainfall or storm, the harvest will be insured.
by owner Oskars Kavuns
against loss of crops due to natural disasters, such as hail, rainfall, storm