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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.
LT0000247
| 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
With this project, we invite you to invest in mixed farm activities. A farmer's family owns a 16.68-hectare farm in the Šilutė district. There are 43 cattle grazing, and about a hundred ducks and chickens are raised on the farm. Part of the territory is dedicated to growing fodder - potatoes, wheat, and rye.
The farmers use a tractor, a cultivator, a mower, a plough, potato planting equipment, and a harrow in everyday activities. Now an additional tractor is needed to improve the efficiency of farm operations, therefore the family is borrowing from the HeavyFinance investor community to implement this plan.
Since the family takes care of the farm together - the husband has a farmer certificate and declares the crop, the wife declares the cattle. We took into account both partners' income, therefore this loan is secured not only by the project owner's sole accountability but also by the personal surety farmer's wife.
Area of declared land: 16,68 hectares, from which 10 hectares are owned by the project owner.
Annual interest - 14,5%
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.