Funding for SIA ER Rasiņas I
FG
RO

Icon check Project is fully funded

Funding for SIA ER Rasiņas I

€ 8500.00

€ 8500.00

Raised of € 8500.00

Icon check Project is fully funded


Summer Cash Back Campaign
  • Invest €500+ and receive 0.5% cashback
  • Invest €1,000+ and receive 1% cashback
  • Invest €5,000+ and receive 2% cashback

* investment should be made in single project

Loan

  • Amount € 8500.00
  • Interest rate 10%
  • Term 18m
  • Collateral type Land
  • LTV 58%

Description

This project gives LANDE investors an opportunity to provide funding in the amount of € 8 500 for farming company SIA ER Rasiņas to re-finance an exisiting loan for which loan term will be extended by additional 18 months.

The annual interest rate of 10, LTV of 58%. The Loan is repaid in several payments according to a schedule agreed with the Borrower. Interest payments on the use of the Loan shall be made monthly in accordance with the Schedule.

The borrower is engaged in crop and cattle farming, managing 699.56 ha of arable land, owning 52 livestock animals as well as wheat, barley and rapeseed. Financial results for 2022: annual turnover € 948 600.

To secure the repayment of the loan, the borrower is pledging 3 farming machinery:

1. Tractor:

- brand: MTZ;

-model: 80L;

- Reg. No.: T327LA;

- VIN: 776042.

2. Wrapper:

- brand: Elho;

- model: 1410 ACI;

- VIN: S24116.

3. Press:

- brand: ZUGGABEL;

-model: Class OHG, 4834 HARZEWINKEL;

- VIN: F2185

The current market value of all machinery is estimated to be € 10 500.

Another collateral consists of a land plot with a total area of 0.5 ha of agricultural land located in ,,Mieži”, Ezeres pagasts, Saldus novads, cadastral number: 84480060015.

In order to secure the claims, arising out of loan agreements, a first-hand mortgage in the amount of € 4 119 will be registered on the collateral in the Land Register of Latvia.

The demand for agricultural land currently in Latvia exceeds supply and 25% of farmers are forced to rent the land, as there is none available on the market. The price of agricultural land plots in the parish of the collateral ranges from € 8 000 to 8 500 per ha.

Borrower aims to repay the loan from incoming business revenues.

The borrower is a recipient of support payments from the European Agricultural Guarantee Fund and the European Agricultural Fund for Rural Development.

Documents

  • Land evaluation
Please login to see a list of documents.

Schedule

The loan repayment schedule is informative and can be subject to change.
Grace period - 5 day period after the designated payment date according to the payment schedule, when the loan is not considered to be delayed, because of the bank transfer period.
# Date Principal Interest Total Status
1 30.06.2024 € 0.00 € 70.83 € 70.83
2 30.07.2024 € 0.00 € 70.83 € 70.83
3 30.08.2024 € 0.00 € 70.83 € 70.83
4 30.09.2024 € 0.00 € 70.83 € 70.83
5 30.10.2024 € 0.00 € 70.83 € 70.83
6 30.11.2024 € 0.00 € 70.83 € 70.83
7 30.12.2024 € 0.00 € 70.83 € 70.83
8 30.01.2025 € 0.00 € 70.83 € 70.83
9 28.02.2025 € 0.00 € 70.83 € 70.83
10 30.03.2025 € 0.00 € 70.83 € 70.83
11 30.04.2025 € 0.00 € 70.83 € 70.83
12 30.05.2025 € 0.00 € 70.83 € 70.83
13 30.06.2025 € 0.00 € 70.83 € 70.83
14 30.07.2025 € 0.00 € 70.83 € 70.83
15 30.08.2025 € 0.00 € 70.83 € 70.83
16 30.09.2025 € 0.00 € 70.83 € 70.83
17 30.10.2025 € 0.00 € 70.83 € 70.83
18 30.11.2025 € 8500.00 € 70.83 € 8570.83

Borrower

  • Country Latvia, LV

Collateral

  • Country Latvia, LV
  • Collateral type Land
  • Collateral value € 14619.00
  • LTV 58%

Investment Breakdown

Investor Amount
Investor 1 € 100.00
Investor 2 € 200.00
Investor 3 € 50.00
Investor 4 € 50.00
Investor 5 € 50.00
Investor 6 € 50.00
Investor 7 € 100.00
Investor 8 € 250.00
Investor 9 € 50.00
Investor 10 € 50.00
Investor 11 € 100.00
Investor 12 € 50.00
Investor 13 € 500.00
Investor 14 € 100.00
Investor 15 € 50.00
Investor 16 € 50.00
Investor 17 € 50.00
Investor 18 € 50.00
Investor 19 € 50.00
Investor 20 € 50.00
Investor 21 € 50.00
Investor 22 € 50.00
Investor 23 € 50.00
Investor 24 € 50.00
Investor 25 € 50.00
Investor 26 € 50.00
Investor 27 € 50.00
Investor 28 € 50.00
Investor 29 € 250.00
Investor 30 € 50.00
Investor 31 € 400.00
Investor 32 € 50.00
Investor 33 € 50.00
Investor 34 € 50.00
Investor 35 € 50.00
Investor 36 € 50.00
Investor 37 € 90.00
Investor 38 € 50.00
Investor 39 € 50.00
Investor 40 € 50.00
Investor 41 € 250.00
Investor 42 € 50.00
Investor 43 € 250.00
Investor 44 € 50.00
Investor 45 € 500.00
Investor 46 € 50.00
Investor 47 € 50.00
Investor 48 € 50.00
Investor 49 € 50.00
Investor 50 € 50.00
Investor 51 € 50.00
Investor 52 € 250.00
Investor 53 € 50.00
Investor 54 € 50.00
Investor 55 € 50.00
Investor 56 € 50.00
Investor 57 € 50.00
Investor 58 € 50.00
Investor 59 € 50.00
Investor 60 € 50.00
Investor 61 € 50.00
Investor 62 € 50.00
Investor 63 € 80.00
Investor 64 € 50.00
Investor 65 € 50.00
Investor 66 € 50.00
Investor 67 € 50.00
Investor 68 € 50.00
Investor 69 € 50.00
Investor 70 € 50.00
Investor 71 € 50.00
Investor 72 € 100.00
Investor 73 € 100.00
Investor 74 € 50.00
Investor 75 € 50.00
Investor 76 € 50.00
Investor 77 € 50.00
Investor 78 € 50.00
Investor 79 € 250.00
Investor 80 € 50.00
Investor 81 € 50.00
Investor 82 € 50.00
Investor 83 € 50.00
Investor 84 € 50.00
Investor 85 € 50.00
Investor 86 € 200.00
Investor 87 € 80.00
Investor 88 € 50.00
Investor 89 € 100.00
Investor 90 € 50.00
Investor 91 € 50.00
Investor 92 € 50.00
Investor 93 € 50.00
Investor 94 € 100.00
Investor 95 € 50.00
Investor 96 € 50.00
Investor 97 € 100.00
Investor 98 € 50.00
Investor 99 € 50.00
Investor 100 € 50.00
Investor 101 € 50.00
Investor 102 € 50.00
Investor 103 € 50.00
Investor 104 € 50.00
Totals € 8500.00