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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.
LT0000600
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 10.36 ha | 10.36 ha |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
The owner of the project is not limited to farming - she runs a livestock farm in the Utena district and also provides rural tourism services.
Since 2011, the entrepreneur has been involved in sheep farming, she raises nine sheep for meat. The 10,38 hectares of land she owns are partly used for hay meadows. The farm's income comes not only from the sale of sheep but also from supplying bales of hay to other farms. The farm uses a tractor and a smaller mower, as well as a recently purchased grass chopper.
The rural tourism estate has three cottages for rent, a sauna and a hot tub, as well as a boat available for paddling on the nearby lake.
This is not the first project of the farmer on the HeavyFinance platform. In her first project, she borrowed 10 000 € to buy a grass chopper, which was used to mow steep slopes that were difficult to reach with the machinery available. The farmer is making the loan payments on time and the current balance of the loan is 6 827,85 €.
The farmer is now borrowing 64 960 € for the development of the rural tourism estate. A new modular house will be built on the farm. The loan will be secured by a pledge of the residential plot with the unfinished house and a guarantee by Gcert Baltic UAB.
The owner of the project declares 10,38 ha of owned land.
Annual interest
- Investing from €100 - interest 9,7%
- Investing from €500 - interest 10,4%
- Investing from €1 000 - interest 10,7%
- Investing from €2 000 - interest 11%
- Investing from €5 000 - interest 11,2%
- Investing from €10 000 - interest 11,4%
- Investing from €20 000 - interest 11,9%
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.