agriculture_loan

agriculture_loan_description

LT0000094

goal
106,500 €
raised
106,500 €
100%
return_rate
from 11.8%

rating
C

period
33

time_left

LTV
23%

country
Lithuania

loan_purpose
Refinancing

business_information
security_measures
loan_history
project_owner address
Xxxxx Xxxxxxxxxxx
header_1 declared owned
farming_land--
revenue
net_profit
equity_ratio
project_description
documents
payment_schedule

This project provides HeavyFinance investor community with an opportunity to invest in an agricultural loan for a mixed ecological farm. The businessman has been sowing buckwheat, hemp, clover and also growing cattle.

The business is using 183,6 hectares of arable land, 52 hectares of which is owned by the businessmen himself. Over the past several years he also made some significant investments in modernizing the farm. Therefore, he has many heavy-duty vehicles that are not older than 4 years old. He has a combine harvester, tractor, plough, bale wrapper, cow milking equipment among the other needful items. 

Due to heavy investments in modernization, the businessman got short in capital to cover his liabilities. He asked a local bank to extend his loan but got rejected. After missing an instalment, seizure of property pledged as collateral (almost 52 hectares of arable land, agricultural equipment and a car) started.

Seeing a conservative approach from banks, liquid assets pledged as collateral and farmer’s effort in getting from a difficult financial situation, we decided to offer HeavyFinance investor community to invest in this loan. With the money received the farmer would refinance the loan and pledge his land as collateral to investors in this project. Interest:

  • Investing from 100 € - interest 11,8%
  • Investing from 500 € - interest 12,4%
  • Investing from 1.000 € - interest  12,7%
  • Investing from 2.000 € - interest 12,9%
  • Investing from 5.000 € - interest  13,2%
  • Investing from 10.000 € - interest 13,4%
  • Investing from 20.000 € - interest 13,7%
  • Investing from 30.000 € - interest 14,1%


project_risks

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project_risks_paragraph_2

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additional_information:

project_risks_paragraph_4