Create an account to make your first investment in only few steps!
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.
LT0000467
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 311.23 ha | 187.20 ha |
| 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.
The farmer will also sign a promissory note* for a full amount including the interest.
*A promissory note is a financial instrument that contains a written promise by one party (the note's issuer or maker) to pay another party (the note's payee) a definite sum of money, either on demand or at a specified future date.
About the project
This project provides the HeavyFinance investor community with an opportunity to finance a Lithuanian crop farm. The project owner has almost two decades of experience in the agriculture sector. She is developing a 311,23 ha farm in Panevėžys district, where spring and winter wheat, rapeseed, and peas are grown.
The farm's heavy equipment fleet currently consists of three tractors, a sprayer, a cultivator, a drill, a combine, a telescopic loader, and other equipment necessary for maintaining the successful farm. The businesswoman has vivid her future farm's perspective and is trying to implement her plans with HeavyFinance financing solution. With this project, she aims to borrow 11 000 € to rent an additional tractor.
The farm's financial statements show that in 2019 the farm did not make any profit. The unfavorable situation was due to the infertile season. However, the results of 2020 show that the farm has successfully recovered - last year the profit reached almost 130.000 €.
This is not the first farmer's project on the HeavyFinance platform - in total, the project owner has 3 active contracts with a remaining balance of €113,950. Loan repayments are being made on time and the farmer had successfully repaid her first loan of €25,000 a week ago.
Area of declared land: 311,23 hectares, from which 187,20 hectares are owned by the project owner.
Annual interest - 12%
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.