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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.
LT0000127
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
With this project, we invite you to invest in the development of Lithuanian mixed farm. The loan is intended to increase working capital and will be secured by a used tractor.
The businesswoman has been engaged in agriculture for seven years and now she currently manages a farm of more than 3 hectares in Kupiškis district. Half of the land is rented, the other half is owned by herself. Crops such as barley and spring wheat are grown on the farm, as well as 4 dairy cows and 2 heifers. The farmer's daughter rents 3-hectare farmland nearby, therefore the family takes care of both farms.
Currently, the businesswoman uses a tractor and other smaller equipment for efficient farm work. Now she plans to buy a few smaller implements and for this purpose, she borrows 8.000 € from the HeavyFinance investor community.
In terms of the further development of the farm, the woman is planning to rent another 6 hectares of land in the near future.
Annual interest
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.