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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.
LT0000300
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
You can become one of the investors contributing to the growth of an organic farm! Invest in the expansion of a mixed ecological farm's technical fleet and earn up to 12,7% annual interest!
In more than six years, the project owner has expanded his farm to 313,11 hectares of land. Currently, over 80 dairy cows and more than 70 beef cattle graze on the farmland. To maintain the diversified farming, the farm is involved in crop production - spelled winter wheat, oats, and buckwheat are sown in fertile farm areas. The farmer from time to time introduces new crop cultures that help the farm earn more income.
The project owner is focusing not only on crop rotation but also on the expansion of the technical fleet. Now an additional tractor is required to increase work productivity. The farmer is planning to purchase a used Case IH Magnum 370 CVX tractor.
HeavyFinance investors have contributed to several farmer's loan projects for modernization - the farmer's current loan portfolio is 148.929 €, and the project owner has no outstanding payments. During the previous projects, the farmer borrowed for the purchase of a seed drill, and a trailer- the loans were secured not only by the pledged equipment but also by a received individual guarantee.
Equipment seller: GJ Invest, UAB
Area of declared land: 313,11 hectares, from which 70 hectares are owned by the project owner.
Annual interest
- Investing from 100 € - interest 10,6%
- Investing from 500 € - interest 11,3%
- Investing from 1.000 € - interest 11,6%
- Investing from 2.000 € - interest 12,1%
- Investing from 5.000 € - interest 12,3%
- Investing from 10.000 € - interest 12,7%
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.