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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.
LT0000530
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 8.08 ha | 5.50 ha |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Sole accountability
About the project
The owner of the project has been farming for almost ten years. Having tried and tested different crops such as wheat and summer rapeseed, he has now sown 7 hectares of winter rapeseed, and says that he is expecting a good harvest for the coming season, based on the way it overwinters. The project owner manages the farm himself and is assisted by family members during the season.
Most of the necessary machinery, such as ploughing and cultivation equipment, is owned by the farmer. The project owner usually rents the equipment only during the sowing season.
In the future, the farmer plans to start no-till farming and further expand his farm.
The farmer is currently borrowing €15,500 from the HeavyFinance investor community to buy a tractor. After expanding his land this year, the project owner realised that his current tractor was too weak to cover the increased area of his farm, so he will now buy a Belarus tractor to cultivate the new land. The loan will be secured by a pledge on the purchased tractor and 3,6 ha of land.
The farmer's declared land area is 8,08 ha, of which 5,50 ha are owned.
Annual interest - 10%
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.