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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.
LT0000055
| Project owner | Address |
|---|---|
| Laima Čepkauskienė |
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
This project provides HeavyFinance investor community with an opportunity to invest in an equipment loan, secured by a first-rank mortgage on 1,5545 hectares of land and a used self-propelled shredder Claas Jaguar 840.
The farmer has been engaged in mixed farming since 1991. Started with 20 hectares of arable land, now her business has grown to 311 ha of land located in Kėdainiai district, Lithuania. 172 ha is owned by herself, the rest of it is being rented. The farm has 400 cattle, most of which are dairy cows, as well as beef cattle.
Wheat, corn, and other cereals are grown on the most fertile farmlands, some of which are sold, and some are used for fodder. The whole farmer's family and 4 other employees work on the farm. The farm's heavy machinery fleet consists of a tractor, sprayer, telescopic loader, and other heavy-duty vehicles. With the help of the HeavyFinance investor community, the farmer has already borrowed the necessary funds to purchase a used New Holland CR9080 combine harvester. With this project, the businesswoman sought to borrow 27.250 € to purchase a used self-propelled shredder (made in 1998). The loan is secured by a shredder and 1,5545 ha of arable land.
Interest:
- Investing from 100 € - interest 11.2%
- Investing from 2.000 € - interest 11.8%
- Investing from 4.000 € - interest 12.4%
- Investing from 7.000 € - interest 12.8%
- Investing from 14.000 € - interest 13.3%
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.