Investing Insights

HeavyFinance Monthly Report 2021-05

Dear investors,

Farmers are already spraying the fields and making every effort to ensure that the well-nurtured plants will bring the rich harvest. To keep working for the successful season, we help the farmers finish all necessary work and borrow funds for development and efficiency. However, we couldn’t achieve our goal without your active contribution. We are thankful for your investments – in less than 12 months of HeavyFinance operation, you have already invested €6 million in the platform! While investing in the HeavyFinance, you are not only approaching your financial freedom but contributing to the development of the agriculture sector.

In addition, during May we stepped into a new market. Everything about the HeavyFinance expansion and key financial results you can find in this brief overview.

HeavyFinance in Latvia

Marking the first year of HeavyFinance, we entered a new market – Latvia, and the first Latvian project was successfully fully financed on the very same day as it was listed on the platform! We had chosen the Latvian market on purpose – in this country, small and potential young farmers face a lack of funding opportunities. According to the Fi-compass report, the agricultural sector still lacks from €17 to €32 million to meet all the development needs. From now we are going to list more Latvian projects for the development of the agricultural sector in the country. Together we can help farmers grow!

Key results from May 2021

Amount of loan issued: 1.359.902 euros

During May HeavyFinnace issued 31 loans*.

*Fact that a loan is issued is the date the loan is financed by investors.

The cumulative amount issued: 6,2 million euros

Number of registered investors: 173 new investors have registered during the previous month. The HeavyFinance investor community has grown to 1972 investors.