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Agriculture loan
+State guarantee
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.
LT0000329
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Individual guarantee
The farmer got granted an individual guarantee of 80% provided by a governmental development institution Agricultural Credit Guarantee Fund. Individual guarantee means that in case of a default, the Fund pays the difference between the unpaid credit amount or any portion thereof, and the income received by the credit institution from the exaction. Please read more about individual guarantees and benefits this scheme provides for investors in our news section.
About the project
With this project, we provide HeavyFinance investors with the opportunity to invest in a top-ranking loan for a 0,42 hectares of land with a grain warehouse and other buildings. The loan will be secured by the pledge of two contracts for crops sale. The loan will be secured not only by pledging the plot and buildings, but also by an 80% individual guarantee approved by the state.
The farmer has been taking over a family business since 2013 from her father, who is a famous farmer in the region. Currently, the family owns 200 hectares of arable land and has rental contracts with many people for another 1.000 hectares of farming land.
The project owner’s long-term plan is to acquire more land with a high soil fertility rate to improve financial sustainability. According to her, there are many great offers to buy some arable land, therefore she is planning to continue acquisitions for at least a couple of years.
‘I treat a farm like a business, not a way of life. Maybe in the future, I will start leasing part of the land to diversify the business’ said the farmer, who grows wheat, rapeseed, oat, and rye.
With this project, the farmer is borrowing 40.000 € to increase working capital.
This is not a farmer's first project on the HeavyFinance platform - the businesswoman has a loan portfolio of 117.500 €. The agri-entrepreneur pays her debts and interest on schedule.
Area of declared land: 756,65 hectares
Annual interest
- Investing from 100 € - interest 8,3%
- Investing from 500 € - interest 8,9%
- Investing from 1.000 € - interest 9,2%
- Investing from 2.000 € - interest 9,4%
- Investing from 5.000 € - interest 9,7%
- Investing from 10.000 € - interest 9,9%
- Investing from 20.000 € - interest 10,2%
- Investing from 30.000 € - interest 10,6%
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.