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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.
LT0000030
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Audrius Kazlaskas owns a small farm with 16 hectares of land in Lithuania, Alytus county where he mainly grows spring wheat.
After a great season the farmer is planning to expand his business and acquire more land and heavy equipment too. However, first of all, he needs to prepare for the new season.
Therefore, Audrius is borrowing €15.000 to increase working capital. He will repay the principal amount in annual installments, while the interest will be paid monthly. To provide more safety for the investors, the farmer is pledging a bit more than 6 hectares of arable land that will be used as collateral. Independent valuation showed that this land costs €22.500.
Interest rates:
Interest rate - 14%
Purpose of the loan:
To increase working capital
Project investment return and interest payment:
- Start of the loan financing period on the HeavyFinance (Platform Operator) platform: 2020-12-02
- End date of the financing period: 2020-12-16, or until the loan is fully financed.
- Investment: from 100 €
- Annual return on investment: 14%.
- Loan term: 35 months
- The project owner will repay the principal according to the schedule below:
- November, 2021 (4 942 Eur)
- November, 2022 (5 000 Eur)
- November, 2023(5 058Eur)
- 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.