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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.
LT0000136
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
With this project, HeavyFinance invites you to invest in the development of a Lithuanian mixed farm. The loan is intended for the purchase of a combine harvester and will be secured by pledging ~30 ha of land in the Mažeikiai district.
Since 2004, the farmer has been cultivating a 103,36 ha mixed farm in the Mažeikiai district. 31 dairy cows are grown on the farm, as well as crops - wheat, barley, and oats. The businessman's activity is not limited only by milk production - together with his family, he produces cheese and successfully sells it in the local area.
Currently, 4 tractors are used on the farm. To increase farm efficiency, the project owner is borrowing 58.000 € to purchase a combine harvester.
The farmer also plans to rent more plots of land in the near future.
Area of declared land: 103,36 ha, of which 60 ha is owned by the farmer
Annual interest
- Investing from 100 € - interest 10,1%
- Investing from 500 € - interest 10,8%
- Investing from 1.000 € - interest 11,1%
- Investing from 2.000 € - interest 11,6%
- Investing from 5.000 € - interest 11,8%
- Investing from 10.000 € - interest 12,2%
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.