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Agriculture loan
+State guarantee
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.
LT0000085
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Individual guarantee
The farmer got granted an individual guarantee of 80% provided by a governmental development institution Agricultural Credit Guarantee Fund. Please read more about individual guarantees and benefits this scheme provides for investors in our news section.
About the project
This project provides the HeavyFinance investor community with an opportunity to invest in the development of the Lithuanian farm. The funds are collected to purchase a used tractor together with a semi-traler. The purchased heavy-equipment will be pledged to secure the loan.
Ekoangus, UAB is engaged in the breeding and rearing of Angus breeding cattle in the Mažeikiai district. Currently, 150 beef cattle graze on the farm, and on the most fertile farm areas, fodder is sown.
The company is seeking to increase efficiency of the farm by the puchase of a tractor with front-end loader and a semi-trailer. For this purpose, it is borrowing 53.000 € from the HeavyFinance investor community.
The farm’s financial statements show the difference between income and net profit in 2019 and 2020 - last year’s financial indicators are lower. It happened due to the fact that meat buyers did not have sufficient funds due to the consequences of the COVID-19 pandemic to buy all the meat the farm produced. In addition, a farmer states that it takes time to raise and prepare animals for sale, and last year most of the cattle on the farm were still too small to sell. Nevertheless, most beef cattle are already grown enough for the sale this year, therefore the farmer expects financial results to recover soon.
The company forecasts that the income and profit from operations will grow and create more opportunities for development. In the future, the company plans to purchase more beef cattle, rent additional plots of the land, and expand buildings for animal husbandry.
Area of declared land: 165,45 ha, from which 50,60 ha is owned by the company.
Interest:
- Investing from 100 € - interest 8,1%
- Investing from 500 € - interest 8,8%
- Investing from 1.000 € - interest 9,1%
- Investing from 2.000 € - interest 9,6%
- Investing from 5.000 € - interest 9,8%
- Investing from 10.000 € - interest 10,2%
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.