Create an account to make your first investment in only few steps!
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.
LT0000068
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
This project provides the HeavyFinance investor community with an opportunity to invest in the heavy-equipment fleet development of the Lithuanian farm. The funds are collected to purchase a used telescopic loader Manitou MLT 735 H (made in 2011). The purchased equipment and 1,78 ha of arable land will be pledged to secure the loan.
The farmer is engaged in farming since 2015, and now she is developing a 149.74 ha crop farm in Pakruojis district. Most of the land is rented, and the farmer herself owns 8 ha. The farm currently grows crops such as wheat, oilseed rape, beans, and peas.
The farm's heavy-equipment fleet consists of two tractors, a seed drill, and other necessary equipment, which is essential for efficient work. To increase the technical capacity of the farm, the businesswoman borrows 24.500 € from the HeavyFinance investor community. The funds will be used to purchase a used telescopic loader Manitou MLT 735 H, made in 2011. The original value of the loader is 26.499 € including VAT, therefore part of the funds will be covered by the farmer herself. To secure this loan, the purchased technical unit and a 1.78 ha plot of land in Pakruojis district are pledged.
The entrepreneur has other plans for the further development of the farm - in the future, she plans to acquire more arable land suitable for crop production and expand her agricultural activities.
Interest:
- Investing from 100 € - interest 10,3%
- Investing from 500 € - interest 10,8%
- Investing from 1.000 € - interest 11,2%
- Investing from 2.000 € - interest 11,5%
- Investing from 5.000 € - interest 11,8%
- Investing from 10.000 € - interest 12,2%
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.