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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.
LT0000050
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
A farmer is self-employed in the agricultural sector since 2015 when she has received a few hectares of land from her father. Her farm in Alytus district has grown rapidly over the years and now it is expanded to 75 ha, from which 50 ha is owned by herself. The farm is engaged in animal husbandry - there are 100 cattle (50 cows and 50 bulls).
The woman works on the farm together with her husband without any additional employees. The family invests all the earned income in the farm's future development. All the machinery used on the farm is acquired using the agricultural financing offered by the EU. The farm fleet consists of a tractor, a baler, a mower, and a sprayer. To further expansion, the farmer seeks to purchase a new round baler with a fixed balling chamber. For this purchase, the businesswoman received funding from the National Paying Agency, which covers a part of the heavy-duty equipment amount - 38.037 €. Part of the price is also covered by the farmer herself. Sought to get the rest amount for a purchase, she borrows from the HeavyFinance investors’ community.
The farmer has plans for the future development of the farm. This year, the woman plans to buy 28 ha of land. After submitting a project for funding, she also hopes to receive 200.000 € for the construction of a warehouse and the meat-processing building. Over the next 2-3 years, the farmer will also expand the number of cattle - she plans to acquire up to 100 cattle.
Interest:
Investing from 100 € - interest 10,5%
Investing from 5.000 € - interest 11,5%
Investing from 15.000 € - interest 12.5%
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.