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LANDE is a Latvian crowdlending platform that lends investors' money to small and medium-sized farms in Latvia, Lithuania, Romania and Poland. It started at the end of 2019 under the name LendSecured. Its statistics show €68.9 million lent through 2,457 loans, of which 1,331 have been fully repaid (read 27 October 2026), and its home page counts 11,212 registered investors (August 2026).
You choose farm loans and invest from €50 each, or use auto-invest. Loans fund crops for one season, farm machinery or the purchase of farmland, and run from a few months to five years, 21 months on average. You earn the loan's fixed interest. Interest is paid without tax withheld, so you declare it yourself.
The average interest rate across the loan book is 11.2% a year (read 27 October 2026). New loans have been priced higher: 12.39% on average in May 2026 and 12.29% in July 2026, and the platform's update for the second quarter of 2026 spoke of 13.5%. The home page advertises 10% to 14% depending on the project. These are rates on the loans, before late payments and defaults; LANDE publishes no measured return. It shows €6.19 million of interest income for investors since launch. Independent tracking of investor portfolios points to about 9.3% a year (August 2026), lower than the loan rate because of late payments and uninvested cash.
LANDE's yearly disclosure under the EU crowdfunding rules gives a 2025 default rate of 5.61%: 106 loans had at least one default against 1,956 loans that had not (a default means principal more than 90 days late, or insolvency). By risk category the rate ran from 2.78% for A to 14.36% for E. Its live statistics show a larger picture. Of the €37.5 million still out on loan, €3.24 million (109 loans) is in default and a further €7.16 million is at least five days late, so about 28% is late or in default and 72% is paying on time (calculated from the platform's own figures, 27 October 2026). LANDE never writes loans off until recovery ends, so no realised loss is shown, and it publishes no recovery rate. In 2025 Latvia declared an agricultural emergency after floods; LANDE has not said how this affected its loans.
Every loan is backed by farm assets: a mortgage on farmland or other property, a pledge on machinery or livestock, a claim on EU farm subsidies, or for grain loans an agreement that sends the crop buyer's payment to the loan. Farm owners usually also give a personal guarantee. On average loans are 41% of the value of the security at the start. There is no buyback and no reserve fund. If a farm stops paying, LANDE's recovery team negotiates and, if needed, the security is sold at auction, which can take around two years. Independent analysis of enforced loans (November 2025) points to recoveries of about 84% on land, 68% on livestock, 54% on subsidies, 44% on machinery and 39% on grain. In plain words: land-backed loans have recovered most of the money, but loans backed by machinery or crops have lost more than half when enforced.
SIA LANDE Platform (Latvia, registration no. 40203386735) holds an EU crowdfunding licence from Latvijas Banka, the Bank of Latvia, valid from 7 February 2024 (licence 27-10/2024/23), and may serve investors in all 27 EU countries. The company has €3,159 of share capital and publishes audited annual accounts. Investors' money is held by Lemon Way, a French payment institution, in a segregated account at BNP Paribas, separate from LANDE's own funds. No deposit guarantee or investor compensation scheme applies.
LANDE charges investors nothing to invest or to buy and sell on its secondary market, and withdrawals are free at present (October 2026). Your own bank may charge for transfers.
You get money back as farms repay. You can sell loans early to other investors on a free secondary market, from €2, but only loans that are paying on time can be sold, and loans that repay all principal at the end cannot be sold before then. So when a loan goes late, you cannot use the market to leave it. Some investors report withdrawals held up while their bank account was checked again.
Return: High — the loan book averages 11.2% a year, with new loans priced higher, though no measured return is published. Risk: High (higher means more risk) — the 2025 default rate of 5.61% alone would read lower, but we rate it one step worse because about a quarter of the money out is late or in default, nothing is written off, no recovery figures are published and investors report long delays. Risk-return: Medium — a good rate on loans backed by real farm assets at a low average loan-to-value, offset by a large late book and weak recoveries outside land.
License / Regulation: SIA LANDE Platform (Latvia, reg. no. 40203386735) is authorised by Latvijas Banka, the Bank of Latvia, as a crowdfunding service provider under Regulation (EU) 2020/1503, licence 27-10/2024/23, valid from 7 February 2024, and notified to provide services in all 27 EU countries. No investor compensation scheme covers crowdfunding loans.
Yes. SIA LANDE Platform holds an EU crowdfunding licence from the Bank of Latvia, valid from 7 February 2024, and may serve investors across the EU. The licence covers how the platform works, not whether farms repay.
Lemon Way, a French payment institution, in a segregated account at BNP Paribas, kept apart from LANDE's own money. No deposit guarantee applies. Once invested, your money is lent to the farms.
€50 per loan on the main market; from €2 when buying on the secondary market.
Loans carry 11.2% a year on average (October 2026); no measured return is published, and independent tracking of investor portfolios points to about 9.3% a year (August 2026). The 2025 default rate was 5.61% of loans. Of the €37.5 million still out, about 28% is late or in default (October 2026). No loan has been written off and no recovery rate is published.
Each loan is backed by farm assets, such as a mortgage on land, a pledge on machinery or livestock, EU subsidies or the grain buyer's payment, usually with the farmer's personal guarantee; loans average 41% of the security's value. There is no buyback or reserve fund. Independent analysis of enforced loans points to about 84% recovered on land but 44% on machinery and 39% on grain.
You can sell loans that are paying on time on a free secondary market. Late loans cannot be sold, and loans that repay all principal at the end cannot be sold before then. Free cash can be withdrawn at no charge at present.
None to invest, use the secondary market or withdraw (October 2026). No tax is withheld; you declare the interest yourself.
If a farm fails, LANDE's recovery team works to collect, and the security can be sold at auction, which can take about two years; you share any shortfall. If LANDE failed, your cash is kept apart at the payment institution, but loans would need another party to collect them. No compensation scheme applies.
Yes, a lot. Independent analysis of enforced loans (November 2025) points to about 84% recovered on land, 68% on livestock, 54% on EU subsidies, 44% on machinery and 39% on grain. Land-backed loans have protected investors best.
