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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.
LT0000111
| 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 expansion of the farm’s heavy machinery fleet. The project owner seeks to purchase a used telescopic loader MERLO PANORAMIC 40.7 from the collected funds. The loan will be secured by the purchased machinery.
The farmer who has 18 years of farming experience, is currently developing a 222 ha organic mixed farm in the Telšiai district. The 100 ha area consists of arable land where wheat, rye, and other crops are grown. The rest of the farm is dedicated to meadows and pastures - 122 dairy cattle are grazing there.
The businesswoman is planning to purchase a used telescopic loader for the successful further development of the farm. For the purchase of this technical unit, she borrows 30.090 € from the HeavyFinance investor community.
The farm's technical fleet consists of several tractors and other smaller necessary equipment. One new construction for cattle is currently being built on the farm. The project owner is planning to expand livestock farms and purchase more cows in the nearest future.
Equipment seller: AGROTEKMA, UAB
Area of declared land: 192,58 ha, from witch 60 ha is owned by the farmer. In 2021, the farm land has expanded to 222 ha, but these new plots are not included in 2020 declaration.
Annual interest
- Investing from 100 € - interest 8,6%
- Investing from 500 € - interest 9,3%
- Investing from 1.000 € - interest 9,6%
- Investing from 2.000 € - interest 10,1%
- Investing from 5.000 € - interest 10,3%
- Investing from 10.000 € - interest 10,7%
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.