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.

LT0000008

Goal
128,000 €
Raised
128,000 €
100%
Return rate
up to 13.1%
Rating
A
Period
15
Time left
LTV
50%
Country
Lithuania
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
VIOLETA ČIULADAITĖ
header_1 Declared Owned
Dirbama žemė - -
Revenue
Net profit
Equity ratio
Bendra įkeisto turto vertė

328,100.00 €

Sole accountability 0.00 € -
Trailer Umega GPP23 23,600.00 € -
Self-propelled sprayer Agrifac Condor 201,000.00 € -
Tractor Case IH 230 CVX 73,200.00 € -
Seeder Rapid 400C Super XL 30,300.00 € -
Daugiau apie apsaugos priemones skaitykite čia.
Loan number Project goal Outstanding principal Paid interest Status
LT0000008 128,000.00 € 0.00 € 5,023.87 € Grąžinta
Project description
Documents
Payment schedule
Violeta is a farmer based in Kėdainiai region, a geographical centre of the Lithuanian Republic. She started farming in 2009 growing wheat, rapseed and barley. Due to hard work and favourable seasons she managed to expand the arable lando of the farm into a field of 300 hectares. Violeta currently has six pieces of heavy agricultural equipment and is looking for a loan of 128.000 Eur to increase working capital. To get a loan she wants to use four pieces of heavy equipment as collateral. These machines are as follows:
  • Rapid 400C Super XL Seed Drill
  • UMEGA GPP23 semitrailer
  • Self-propelled sprayer Agrifac Condor
  • Tractor Case IH Puma 230 CVX.


Interest rates


  • Investing from 100 € - interest 10,4%
  • Investing from 1.000 € - interest 11%
  • Investing from 5.000 € - interest 12%
  • Investing from 10.000 € - interest 12,4%
  • Investing from 20.000 € - interest 12,8%
  • Investing from 40.000 € - interest 13,1%

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


The purpose of the loan is to increase working capital.


Project investment return and interest payment


  • Start of the loan financing period on the HeavyFinance (Platform Operator) platform: 2020-08-13
  • End date of the financing period: 2020-08-27, or until the loan is fully financed.
  • Investment: from 100 €
  • Annual return on investment: from 10% to 11,5%.
  • Loan term: 15 months
  • The farmer will pay EUR 65.720 on an annuity basis, interest will be paid on the entire loan amount and EUR 62.720 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.