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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.
LT0000383
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| 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
This project provides HeavyFinance investors with the opportunity to invest in the growth of Lithuanian organic farm. The funding will be used to expand the cattle herd by purchasing more beef cattle.
The businesswoman has already developing her mixed farm for 15 years and now successfully manages a 147,75 ha organic farm in the Anykščiai district. 85 ha of farmland is covered by organic crops, and the rest is wooded areas and meadows, where beef cattle graze. Now there are 32 beef cattle on the farm.
In order to increase the production sold, the farmer is now seeking to purchase breeding 35 heifers and two bulls. The businesswoman has already received approval for the support from the National Paying Agency (NPA) for the exansion of the cattle herd. The project owner is borrowing from the HeavyFinance investor community for the final implementation of the project. A tractor and a 7.09 hectare plot of land will be pledged as collateral for the loan.
The farm's technical fleet consists of a combine harvester, a tractor, and a trailer for transporting grain. The farmer's current loan portfolio amounts to 121.700 € - the previous loans were dedicated to a new tractor, which was purchased with the received support from the National Paying Agency and to cover some seasonal costs. The loan payments are made on time.
The farmer's loan portfolio amounts to 95.700 € - the businesswoman previously borrowed to buy a new tractor with NPA support and to prepare for the season. One loan has already been repaid, another loan repayment of 10.000 € is planned to be covered before the disbursement of this project. The loan payments are made on time.
Area of declared land: 147,75 hectares, from which 125 hectares are owned by the project owner
Annual interest
- Investing from 100 € - interest 10,8%
- Investing from 500 € - interest 11,4%
- Investing from 1.000 € - interest 11,7%
- Investing from 2.000 € - interest 11,9%
- Investing from 5.000 € - interest 12,2%
- Investing from 10.000 € - interest 12,4%
- Investing from 20.000 € - 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.