Invest in LT0000018

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Risk rating

Months

LTV

54%

Goal

€41 200

Raised

€41 200

Risk rating

Months

54%

LTV

Goal:

€41 200

Raised:

€41 200

Annual interest

Investing from €100	10.40%
Investing from €1 000	10.70%
Investing from €5 000	11.40%
Investing from €10 000	12.40%
Investing from €20 000	13.10%

Business information

Declared land, ha
Owned land, ha

Security measures

Type	Subtype	Description	Value	Manufacture year	Area size	Valuation method
Other		Sole accountability	€0
Heavy equipment		Tractor New Holland TM165	€21 900
Heavy equipment		Tractor Fendt 818 Vario	€39 204
Land		1 land plot, 2,29 ha	€14 700
Total value of pledged assets			€75 804

The businessman owns a mixed farm with 130 hectares of arable land, including the rented land. He grows cattle, rapeseed, wheat and barley.

The business owner would like to acquire or rent more land, however, it is hard in the best region for farming in Lithuania, where competition between farmers is high. Therefore, he’s looking for ways to increase productivity by acquiring a tractor Fendt 818 made in 2003 that cost 39.200 Eur including VAT.

To acquire Fendt 818 he wants to borrow 41.200 Eur and is willing to use this heavy-duty vehicle as collateral together with another tractor New Holland TM165 and 2,29 hectares of arable land. Consequently, the loan-to-value ratio is 54%.

The farmer will pay the interest every month and the principal will be paid in four payment in August and December of each year till the end of 2022.

The personal capital of the farm reached more than 100.000 Eur at the end of last year. In comparison, personal capital exceeded 83.000 Eur in 2018.

Interest rates:

Investing from 100 € - interest 10,4%
Investing from 1.000 € - interest 10,7%
Investing from 5.000 € - interest 11,4%
Investing from 10.000 € - interest 12,4%
Investing from 20.000 € - interest 13,1%

Purpose of the loan:

To purchase Fendt 818 tractor.

Project investment return and interest payment:

Start of the loan financing period on the HeavyFinance (Platform Operator) platform: 2020-10-26
End date of the financing period: 2020-11-09, or until the loan is fully financed.
Investment: from 100 €
Annual return on investment: from 10,4% to 13,1%.
Loan term: 25 months
The project owner will repay the principal according to the schedule below:
August, 2021 (7 724 Eur)
December, 2021 (7 801 Eur)
August, 2022 (7 880 Eur)
December, 2021 (15 799 Eur)
The Interest will be paid monthly.

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.