the beginning of spring brought a couple of fundamental changes that will be relevant both to our investor community and to farmers seeking funding. Last month, we signed two important agreements with the Agricultural Credit Guarantee Fund of Lithuania. From now on, state-guaranteed loans will be listed on the HeavyFinance platform, which will make your investments more secure. Besides, the second signed contract denotes a vital change for farmers – the borrowers will be able to receive interest compensation. Consequently, these partnership indicates easier financing solutions for farmers and present wider investment opportunities in agricultural loans.
In this report, you will also find the main financial changes that show the further development of HeavyFinance. We are approaching the cumulative loan amount of almost four million, and the growing community of investors is only showing that investing in agricultural loans is becoming an increasingly attractive investment opportunity. Thank you for your significant contribution to the development of the entire agricultural sector.
Credit guarantees for investors
In March, we signed a new partnership with the Agricultural Credit Guarantee Fund of Lithuania. The signed contract assures that part of loans for Lithuanian farmers is guaranteed with the repayment of up to 80% of the outstanding credits. The program marks our desire to provide more credibility for our investors and make investments more secure.
Key results from March 2021
Amount of loan issued: 536 thousand euros
During March HeavyFinnace issued 12 loans*.
*Fact that a loan is issued is the date the loan is financed by investors.
The cumulative amount issued: 3,9 million euros
The number of registered investors: 248 new investors registered during March. During this period the HeavyFinance investor community has grown to 1606 investors.