Riga, Latvia

Sturgeon farm productions extension


Sturgeon farm productions extension


SIA “Sturcav"


Organic farming & green energy


07 Jul 2019

Extended till:


Interest rate:

18.20% per annum

Loan period:

6 months

Funding target:

€ 300 000

Still need:

€ 0


€ 300 000


5 % fee

Risk level:


Collateral agent:

Monethera GROUP OÜ


Pledged commercial assets and personal guarantees of the director

Repayment schedule:

Monthly on the 1st day of each month

SIA STURCAV, an existing sturgeon farm, successfully working since 2012. Company owns 10 hectares of land in Lienes, Iecavas Novads, 30km from Riga. Currently there are two active hangars with 12 pools in each. In a present time farm brings 20 tons of sturgeon annually.

Project’s implementation, of production extension and creating new special hangars for growing sturgeon's uteruses and caviar harvesting, is planned for 2019-2020 years. For each hangar will be allocated 300 m2 and each will be equipped with 5 special pools for uteruses. Every hangar will produce around 1 ton of caviar annually.

Project’s implementation will be gradual, in total there is planned to create three new hangars. Construction of the first one will begin in July 2019 and will finish in 6 months.