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.

LT0000239

Goal
103,500 €
Raised
103,500 €
100%
Return rate
up to 13.6%

Rating
B

Period
36

Time left

LTV
65%

Country
Lithuania

Loan purpose
Land purchase

Business information
Security measures
Loan history
Project owner Address
Xxxxx Čxxxxxxxxxxė
header_1 Declared Owned
Dirbama žemė--
Revenue
Net profit
Equity ratio
Project description
Documents
Payment schedule

About the project

This project provides the HeavyFinance investor community with an opportunity to invest in the development of a Lithuanian mixed farm.

The farmer has been engaged in mixed farming since 1991. Started with 20 hectares of arable land, now her business has grown to 301,75 ha of land located in Kėdainiai district, Lithuania. The farm has 400 cattle, most of which are dairy cows, as well as beef cattle.

Wheat, corn, and other cereals are grown on the most fertile farmlands, some of which are sold, and some are used for fodder. The whole farmer's family and 4 other employees work on the farmland. The farm's heavy machinery fleet consists of a tractor, sprayer, telescopic loader, and other heavy-duty vehicles.

HeavyFinance's investor community has already funded several farmer's loans - 122.625 €.

The farmer is now borrowing 103.500 € to buy five agricultural land plots with a total area of 38.5903 hectares.

Area of declared land: 301,75 hectares, from which ~170 hectares are owned by the project owner.

Annual interest

  • Investing from 100 € - interest 11,3%
  • Investing from 500 € - interest 11,9%
  • Investing from 1.000 € - interest 12,2%
  • Investing from 2.000 € - interest 12,4%
  • Investing from 5.000 € - interest 12,7%
  • Investing from 10.000 € - interest 12,9%
  • Investing from 20.000 € - interest 13,2%
  • Investing from 30.000 € - interest 13,6%

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.