This project gives LendSecured investors an opportunity to provide seasonal funding in the amount of € 8041.74 for Medņevas pagasta zemnieku saimniecība “GRAVAS”, registration No.43201013341, in order to receive funds for seasonal expenses.
This project gives an opportunity to make a loan with an annual rate of 10%, LTV of 43%, loan term of 13 months, with monthly manner of interest payments.
Borrower has been operating since 1994. In order to secure the repayment of the loan, the borrower has concluded an agreement winter wheat sale in volume of 75t. The repayment of the loan will be done, once the harvest will be handed to the buyer.
The borrower is a recipient of government subsidies and support payments from European Agricultural Guarantee Fund and European Agricultural Fund for Rural Development.
To avoid loss of crops due to natural disasters, such as hail, rainfall or storm, the harvest will be insured.
By owner Aivis Pabērzs
against loss of crops due to natural disasters, such as hail, rainfall, storm