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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.
LT0000108
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
This project provides the HeavyFinance investor community with an opportunity to invest in the development of the Lithuanian ecological farm. The financing will be used for the acquisition of 14.4713 ha land and the purchased plots will be pledged to secure the loan.
The borrower has already engaged in mixed farming for 13 years and now successfully manages a 327.27 ha organic farm in the Anykščiai district.
On the farm, half of the land is covered by crops, and the rest is meadows, where beef cattle graze. The farmer currently owns 2 bulls, 65 cows, and about 50 young calves and heifers. Farming traditions are also nurtured by the farmer's family - the businessman's mother has about 180 hectares of land and his wife has 125 ha. The family manages the entire area of land together.
HeavyFinance investors have already provided financing for two previous projects for acquisition of new heavy equipment with National Paying Agency support. After upgrading the farm’s heavy machinery fleet, the farmer is planning to purchase two land plots. For the implementation of the project he is borrowing 19,700 € for the purchase of 14.4713 ha.
Currently, the farm’s technical fleet consists of four tractors, a combine, a drill, a rake, a cultivator, and other necessary equipment.
Area of declared land: 327,27 ha
Annual interest
- Investing from 100 € - interest 8,5%
- Investing from 500 € - interest 9,3%
- Investing from 1.000 € - interest 10%
- Investing from 2.000 € - interest 10,2%
- Investing from 5.000 € - interest 10,5%
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.