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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.
LT0000401
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
The businessman, who began working in agriculture in 2017, is now developing a 30-hectare mixed farm in the Alytus district. The fertile areas are covered by wheat, sometimes sown with maize , while 25 beef cattle graze on the farm's meadows.
The project owner works on the farm with his own equipment, including a wheeled tractor, a press, and smaller tools. The farmer is now willing to purchase a trailer and is borrowing from the HeavyFinance investor community to implement this goal.
A few days ago the farmer has been granted with another 10.000 € loan, collected from HeavyFinance investors funds.
Equipment seller: Lytagra, AB
Area of declared land: 30,19 hectares, from which 3 hectares are owned by the project owner.
Annual interest
- Investing from 100 € - interest 10,9%
- Investing from 500 € - interest 11,6%
- Investing from 1.000 € - interest 12,2%
- Investing from 2.000 € - interest 12,6%
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.