Create an account to make your first investment in only few steps!
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.
LT0000160
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| 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. Individual guarantee means that in case of a default, the Fund pays the difference between the unpaid credit amount or any portion thereof, and the income received by the credit institution from the exaction. Please read more about individual guarantees and benefits this scheme provides for investors in our news section.
About the project
With this project, we invite HeavyFinance investors to contribute to the development of the Lithuanian mixed farm. The project is intended for the purchase of a new tractor-trailer. The loan will be secured by a pledge of the purchased equipment.
In 2015, the farmer took over the farm developed by his parents, and now the businessman successfully continues to develop its activities - currently, the farm occupies almost 40 hectares in Anykščiai district. Crops are mainly grown here - wheat, rye, oats. Additionally, the farmer has six dairy cows for milk production.
Now the farmer is determined to invest more heavily in crop production, increase crop areas, therefore additional equipment is required. The project owner is borrowing 13.500 € to buy a new tractor-trailer, which will ease the transportation process. If the farmer himself transports the crops to the purchase place, the crop price can increase by 30%. Besides, the quality of the crops is not affected due to quick transportation to suitable storage places. Therefore, the purchase of a new trailer will help the farm to earn more income.
It is not the first farmer's project - the businessman has previously borrowed 28.500 € to buy a tractor. The farmer makes the loan payments on time.
Equipment seller: Hegvita Agro
Area of declared land: 39,87 hectares, from which 1,21 ha is owned by the farmer
Annual interest
Annual fixed interest rate - 11%
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.