How LendSecured Works

LendSecured has launched a one-of-a-kind crowdfunding platform that helps European farmers safe finance, utilizing grain as collateral.

RIGA, LATVIA, March 9, 2021 /EINPresswire.com/ – Prepared closes the financing hole of 9 billion within the agricultural sector, which has an influence on the financing of rural Europe and the engine of its development.

Farmers in rural Europe, particularly in international locations like Hungary, Latvia, Estonia, Lithuania, Greece, Romania, Bulgaria, Croatia and Spain, are struggling to get the working capital wanted to finance pre-harvest rental and purchase the required equipment, stifling development.

In accordance with a survey developed by the European Funding Financial institution and the Directorate-Common for Agriculture and Rural Improvement (DG AGRI):

– 12.2% of farms report that entry to finance for investments has been tough the earlier 12 months and 10.4% have issue accessing finance for working capital.
– For 10% of respondents, the primary purpose for not making use of for financial institution financing was worry of rejection.
– 10% of rejected financial institution requests had been because of the non-acceptance of livestock or different movable agricultural property as collateral.

The LendSecured platform will ease the method of financing investments within the agricultural sector, thereby bringing extra development alternatives to rising international locations in Europe. The makes use of a 3-way mannequin to finance the mortgage. An settlement will likely be made between the traders, the farmers and the patrons of the crop, with the patrons of the crop shopping for the grain from the farmers and returning the curiosity to the lenders.

The thought is sort of easy, at the beginning of every season, farmers want working capital to purchase fertilizer, pay wages, restore machines, in order that they borrow cash and pay it again on the finish of the season. by promoting their harvest.

For traders, the platform permits them to diversify their portfolios, help the event of rural Europe and even select to help natural or non-organic farmers.

“By enhancing entry to funds for the EU’s rural space, we stimulate innovation and create extra respectable working situations. On the similar time, providing traders a diversified portfolio, which additionally occurs to be a fantastic various to short-term loans. Investing in tasks that even have added worth for the EU economic system combines the ethics of accountable funding with mutual advantages, which we consider is the way forward for investing, and is within the making. made according to the United Nations Sustainable Improvement Objectives. – Nikita Goncars, co-founder of LendSecured

The crew behind LendSecured has over 12 years of expertise as a monetary companies supplier and has constructed the platform with safety and transparency in thoughts. Because of this, no financing is held on LendSecured accounts, however fairly on accounts held by the BNP Paribas financial institution through our LemonWay companions. The platform is within the strategy of acquiring the EU crowdfunding license which was launched in November 2020. As well as, the platform is AML compliant and solely accepts funds from SEPA international locations.

About LendSecured
LendSecured is a part of a gaggle of firms working on the intersection of actual property, mortgages and development, based by Nikita Goncars and Edgars Talums over 10 years in the past. Their tasks have yielded a return of over 10% for his or her traders, and the event of LendSecured will present the general public with equally worthwhile funding alternatives.

For extra info, contact Media Consultant Julia Gifford.

Julia gifford
Truesix
+371 26 100 633
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