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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.
LT0000629
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
With this project we invite you to contribute to the development of the infrastructure of a dairy farm. A dairy farming entrepreneur is currently cultivating a 25 ha farm in Prienai municipality. The farm has 142 cattle. The farmer uses a tractor, a baler, milking equipment and other necessary tools for daily farm work.
The farmer is currently borrowing €22 000 to increase the working capital for the coming season. The loan will be secured by a pledge on all the cattle he owns.
This is the farmer's third project on the HeavyFinance platform. The farmer is timely with his repayments and has already fully repaid one loan of €10 000. Investors have already earned over €1 000 in interest from the project owner.
Declared land area: 25,28 ha, of which 18,9 ha are owned.
Annual interest
- Investing from €100 - interest 11%
- Investing from €500 - interest 11.8%
- Investing from €1 000 - interest at 12.5%
- Investing from €2 000 - interest of 12.7%
- Investing from € 5 000 - interest 13%
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.