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Agriculture loan
Agriculture loans are tailored to acquire capital for various purposes such as expansion, inventory purchase, equipment acquisition, hiring staff, or to manage day-to-day operational expenses. The terms and conditions of these loans vary depending borrower's creditworthiness, collateral, repayment tenure and other factors.
LT0000007
| Project owner | Address |
|---|---|
| Algis Jankeliunas |
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Algis Jankeliūnas became a farmer around 30 years ago, right after Lithuania regained independence. He and his son now work around 650 hectares of arable land, including the land they are renting. Farmer is growing wheat, rapeseeds and beans.
Over the last several years Algis invested heavily into agricultural machinery, which enabled him to employ new technologies in his farm. Now, he aims to acquire a self-propelled sprayer Challenger Rogator 665B.
In 2019 m. his farm had 24.800 Eur of profit.
Interest rates
- Investing from 100 € - interest 10,2%
- Investing from 1.000 € - interest 10,5%
- Investing from 5.000 € - interest 11%
- Investing from 20.000 € - interest 11,5%
- Investing from 40.000 € - interest 12,5%
At present, the Platform Operator does not make it possible to transfer claim rights that are acquired by concluding financing transactions through the Platform. (No secondary market)
Purpose of the loan
To purchase self-propelled sprayer Challenger Rogator 665B.
Project investment return and interest payment
- Start of the loan financing period on the HeavyFinance (Platform Operator) platform: 2020-07-29
- End date of the financing period: 2020-08-12, or until the loan is fully financed.
- Investment: from 100 €
- Annual return on investment: from 10,2% to 12,5%.
- Loan term: 18 months
- The farmer will pay EUR 38,250 on an annuity basis with a 3-month deferral of the loan installment, interest will be paid on the entire loan amount and EUR 25,500 will be repaid with the last loan installment.
Project risks
For this project, there is a risk of losing all the profits made and the funds invested.
In this case, if the Project Owner fails to fulfill its obligations, the Platform Operator will take all necessary measures to protect the interests of investors and use the provided collateral, but the Platform Operator does not guarantee the full fulfillment of the Project Owner's obligations.
Financial agreements are not subject to the insurance protection established by the Law on Insurance of Deposits and Liabilities to Investors of the Republic of Lithuania.
Additional information:
If the project owner does not collect the amounts to be financed, the collected funds will be returned to the funders by transferring them to the account from which they were transferred. The Platform Operator also has the right to offer the Project Owner to reduce the amount to be financed during the Project financing term or to extend the Project financing term. In this case, if the amount to be financed is reduced or the term of financing the Project is extended, it shall in all cases be announced on the Platform and the Fund's financiers shall be informed.