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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.
LT0000471
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 11.29 ha | 1.55 ha |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Sole accountability
About the project
The project owner, who took over the management of her father's farm a few years ago, cultivates cereals such as wheat and triticale on her farm with her husband. This year, for the first time, she also planted 5 hectares of winter rapeseed. Next year, based on the harvest, she will decide whether to develop it further. The project owner sells her produce to the Linas Agro group.
The farm uses a variety of machinery, including a tractor, a sowing machine, a baler and other small implements. The farmer is pleased with the improvements she has made, as she started with a small tractor and is now is able to farm more efficiently with a Belarus tractor and a John Deere combine harvester. She is now borrowing €11,000 from the HeavyFinance investor community to further modernize her farm by upgrading worn-out machinery and buying new smaller implements.
The declared land area is 11,29 ha, of which 1,55 ha is owned.
Annual interest - 14,5 %
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.