Agricultural lending platform Lande loaned roughly €1.2m (£1.03m) throughout 42 initiatives within the month of March.
Most of those loans have been delivered to farmers primarily based in Latvia, in step with the platform’s earlier distribution tendencies.
In an replace to buyers, Lande reported that 111 new buyers registered on the platform in March. Buyers earned a complete of €116,640 in curiosity in March, with the all-time whole having now reached €2.8m.
Learn extra: Lande reduces minimal funding threshold to €100
The lender additionally revealed that throughout the month of March, its IT group has been targeted on optimising efficiency and enhancing safety, guaranteeing a quicker and extra dependable platform for buyers.
“The group has refined auto-invest, improved notifications, and resolved Google login points,” stated a Lande spokesperson.
“Work can be underway to broaden automated testing and put together for a serious system framework improve, protecting Lande environment friendly and safe for the long run.”
Learn extra: Lande swings into black because it eyes progress in 2025
In Romania, Lande onboarded a brand new member of the authorized and debt restoration group final month, with the intention of accelerating effectivity in debt assortment, strengthening the general group, and dashing up work with new purchasers.
Lande additionally famous that “big progress” has been made in Latvia’s debt assortment division, the place some machineries have now been bought.
“There are a number of signed notary agreements as effectively with the purchasers that gained’t be restructured, making the debt assortment course of quicker and simpler,” added the Lande spokesperson.
“We’re glad to see that increasingly new purchasers have proven curiosity for working capital or equipment purchases whereas the season simply has began.”
Learn extra: Lande provides new options to re-opened secondary market
