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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.
LT0000231
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Sole accountability
This loan is secured by sole accountability from the project owner. Read more about this security measure here.
About the project
This project provides the HeavyFinance investor community an opportunity to invest in the development of a Lithuanian ecological farm. The funding will be used for winter wheat sowing, which will begin in two weeks.
The farmer, who started farming 13 years ago, successfully manages 327.27 hectares of a mixed organic farm in Anykščiai district. On the farm, half of the land is occupied by grain crops, and the rest is cattle. Currently, the farmer has 2 bulls, 65 cows, and about 50 young calves and heifers. Farming traditions are also cherished by the farmer's family - the farmer's mother has about 180 hectares of land and his wife has 125 hectares. The family supervises the entire managed area of land jointly.
The farmer has already successfully borrowed from the HeavyFinance community for the purchase of new equipment with the support of the National Paying Agency and the acquisition of land. The farmer's active loan balance on the HeavyFinance platform is 156.093 € with no delay in payments. The newest businessman's project has also collected 153.000 € funding for the purchase of the farm complex with an 80% guarantee from the Agricultural Credit Guarantee Fund. This loan has not yet been paid for the farmer and is expected to be disbursed within two weeks.
Four tractors, a harvester, a drill, a rake, a cultivator, and other necessary machinery are currently used on the farm.
Annual interest
- Investing from 100 € - interest 10,65%
- Investing from 500 € - interest 11,35%
- Investing from 1.000 € - interest 11,95%
- Investing from 2.000 € - interest 12,55%
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.