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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.
LT0000286
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
In 2014, the businessman set up a fibrous hemp farm on a small plot of land, leading by solid arguments, and the business became more and more successful every year. The main arguments for growing cannabis and for investors to invest in this project we share with you below.
• Cannabis is a very lucrative culture.
• It grows extremely fast.
• Suitable for organic farming
• Also, hemp improves the soil.
• They have an extensive range of uses: can be used in food, medicine, cosmetics, paper, textiles, plastics production, animal feed, etc.
• Hemp can be used in a wide variety of products. The raw material can be both stems and leaves, as well as inflorescences or seeds.
It is important to mention, that the farm has concluded agreements with the major retail chains Rimi and Maxima, where customers can buy oils, tea, snacks, bars, and cosmetics.
Also, online store https://www.kanapiuukis.lt/lt/ sales are showing great results.
The entrepreneur is constantly investing in development. At this stage of the investment, it is planned to purchase a new plot of land by the lake valued at € 22,200.
This is not the first farmer's project on the HeavyFinance platform. The farmer also has a loan no. LT0000177, which currently has a balance of € 9,258.46.
Annual interest
- Investing from 100 € - interest 10.00 %
- Investing from 500 € - interest 10.80 %
- Investing from 1.000 € - interest 11.50 %
- Investing from 2.000 € - interest 11.70 %
- Investing from 5.000 € - interest 12.00 %
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.