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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.
LT0000153
| 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
HeavyFinance provides investors an opportunity to invest in the development of a mixed farm. A farmer who has received an individual state guarantee borrows for the purchase of a new trailed sprayer. The purchased equipment will be pledged to secure the loan.
The main activity of the farm is crop production - sown land covers about 122 ha, leaving the remaining areas for meadows and pastures. Wheat, rape, peas, and oats grow in the most fertile areas, as well as sheep - currently, there are around 440 of them on the farm.
To make the farm more efficient, the businessman is borrowing 50.300 €, which will be used to purchase a new trailed sprayer AGRIO NAPA 3300.
Last year, a farmer borrowed 22.011,28 € for sheep handling equipment to automate the processes. The equipment was purchase with a received Nacional Paying Agency support. This project was successfully implemented, and the purchased equipment improved the productivity of the farm. Payments on this loan are made on time.
This year, the farmer plans to expand the crop area to 180 ha, as well as expand the herd of sheep on the farm to 500.
Equipment seller: Agroteka, UAB
Area of declared land: 163 ha, from which 30 ha is owned by the farmer
Annual interest
- Investing from 100 € - interest 9,1%
- Investing from 500 € - interest 9,8%
- Investing from 1.000 € - interest 10,1%
- Investing from 2.000 € - interest 10,6%
- Investing from 5.000 € - interest 10,8%
- Investing from 10.000 € - interest 11,2%
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.