← Retour aux projets
Latvian Forest Development Fund — LV0000112936
DE
Debitum Business lending Financé
Ce projet est clôturé. L'analyse ci-dessous reflète les informations disponibles au moment de la souscription et n'a pas été mise à jour.

Latvian Forest Development Fund — LV0000112936

Average
58
score / 100
Yield
11.0%/yr
Duration
6 months
Min. ticket
—
Amount raised
200 k€
Invest →
À propos

Fractional note on a pool of business loans originated by the Latvian Forest Development Fund (LFDF), a Latvian entity specialising in forestry and agricultural financing. The note is issued via the Debitum platform, a P2P marketplace regulated in Latvia. 6-month maturity, 11% p.a. rate, bullet repayment scheduled for February 2027.

Plateforme · 17.0/25
A1 · Statut réglementaire 5.0/8
  • FCMC investment licence (Latvia) obtained in September 2021
  • Recognised EU regulator, but investment licence ≠ explicit ECSP passport
  • Recognised EU equivalent → 5 points
A2 · Track Record 5.0/6bon
  • Default 0% → 6/6
  • Delay >90 days 0% → 6/6
  • Actual return vs announced return not disclosed → 0/6
  • A2 = (6×0.5)+(6×0.3)+(0×0.2) = 4.8, rounded to 5
  • Caveat: statistics cover ABS, not underlying loans
A3 · Rigueur de sélection 2.0/4

Transition to ABS model involves a structured selection process (FCMC licenced), but selection rate not published and process poorly detailed publicly → 2 points

A4 · Santé financière 3.0/4bon
  • Independent platform operational for >3 years (2021+), active in 2026, no platform distress signal identified
  • No known institutional shareholder → 3 points
A5 · Protection investisseurs 2.0/3
  • Investor protection EUR 20,000 provided by Latvian law (1 regulatory point)
  • FCMC licence implies continuity plan (1 point)
  • Secondary market or segregated escrow not confirmed → 0 points third criterion
Projet · 41.0/75 (46.0 brut, red flags −5)
B1 · Instrument & Structure 7.0/10
B1.1: 5/5 - Simple obligation (loan note) fixed rate, EU Latvian law
B1.2: 1/3 - EU Latvian law recognised, but file provides limited detail on société dédiée (SPV) structure
B1.3: 1/2 - Ranking not formally registered, no documented senior debt
B2 · Opérateur & Track record 8.0/15
B2.1: 2/4 - LFDF appointed, managers not nominally identified in the file
B2.2: 3/5 - LFDF operational since Feb. 2025, 2,600 ha acquired, 800 ha resold at 35% margin
B2.3: 2/3 - First repayment successful May 2025; portfolio in progress without major incident
B2.4: 1/3 - Inter-entity structures reported as opaque; balance sheet not published
B3 · Garanties & Sûretés 9.0/15
B3.1: 5/9 - Pool of loans backed by a forestry fund; guarantee on forestry assets probable but not formally registered
B3.2: 2/4 - Portfolio of 52M€, 35% margin per transaction; operator balance sheet not verified
B3.3: 2/2 - LFDF is a licensed NBFI active for >1 year; Latvian institutional licence
B4 · Structure financière 9.0/15
B4.1: 3/5 - taux de couverture de la dette not communicated; insufficient data → intermediate prudential score
B4.2: 2/4 - Equity not documented; 35% margin on forestry disposals suggests actual contribution
B4.3: 2/4 - No stress test; tangible forestry assets partially compensate
B4.4: 2/2 - Net margin 35% per transaction documented, profitable activity
B5 · Pré-commercialisation 6.0/10
  • Active portfolio of 52M€, diversification not detailed, 15-month history documented with first repayment successful
  • Insufficient customer data → intermediate SME-NBFI score
B6 · Permis & Maturité 5.0/5✓ max

NBFI activity established for >1 year, Latvian legal structure operational, all legal documents presumed in order under FCMC supervision

B7 · Marché & Localisation 2.0/3
  • Latvian market for business lending growing (+18.6% in 2025), low NPL, strong unmet SME funding need from banks
  • Stagflationary risks in 2026 and GDP slowdown to 1.4% limit to 2/3
⚠ Alertes détectées · −5 pts déduits
Aucune garantie réelle sur ce projet −5 pts

Guarantees on underlying pool not formally registered - LFDF joint and several guarantee presumed but not documented.

Points forts
✓LFDF successfully completed its first full repayment with interest in May 2025.
✓Tangible forestry portfolio of 2,600 ha with documented average margin of 35%.
✓Latvian SME lending market in strong growth (+18.6% in 2025).
✓Debitum A rating, platform default rate 0% to date.
✓LFDF is the largest Debitum issuer, indicating an established institutional relationship.
Risques identifiés
!Extreme concentration: LFDF represents 86% of Debitum portfolio - systemic platform risk.
!Inter-entity structures reported as opaque by independent analysts in May 2026.
!LFDF balance sheets not published; real financial solidity not verifiable.
!LFDF managers not nominally identified in the available file.
!Latvian GDP slowdown forecast to 1.4% in 2026; inflationary pressure at 3.6%.
Score card
Score card — Latvian Forest Development Fund — LV0000112936
↓ Download
Voir toute l'analyse Debitum →
Autres projets sur Debitum
Latvian Forest Development Fund II — LV0000113066 Business lending 70/100 Latvian Forest Development Fund II — LV0000113025 Business lending 70/100 Latvian Forest Development Fund — LV0000112530 Business lending 68/100 Latvian Forest Development Fund — LV0000112985 Business lending 68/100
⚠ Avertissement sur les risques

Investir en crowdfunding comporte un risque de perte partielle ou totale du capital, ainsi qu'un risque d'illiquidité. Selon le baromètre France FinTech / Forvis Mazars 2025, 25 à 30 % des projets accusent un retard de plus de 6 mois et 4 à 6 % entraînent une perte définitive. Ne placez jamais plus de 5 à 10 % de votre patrimoine en crowdfunding et diversifiez sur au moins 10 projets. CrowdPickr est un service d'information indépendant, non agréé en tant que conseiller en investissement. Les analyses présentées ne constituent pas un conseil en investissement personnalisé.