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.

LT0000694

Goal
15,000 €
Raised
15,000 €
100%
Return rate
11%

Rating
A

Period
7

Time left

LTV
-

Country
Lithuania

Loan purpose
Working capital

Business information
Security measures
Loan history
Project owner Address
Xxxxxxxx Xxxxxxxxxx
Xxxxėx x., Xxxxxų xxx., Xxxxxxxx
header_1 Declared Owned
Farming land165.05 ha98.85 ha
20212020
Revenue 128,703.00 € 222,762.00 €
Net profit 34,854.00 € 57,904.00 €
Equity ratio 56.88% -
Project description
Documents
Payment schedule


About the project

With this project, we invite you to invest in the activities of a crop farm. The farmer has been working in the agriculture sector since 2010.

Currently, he manages a 165,05-hectare farm in Kelmė district. Crops like beans, summer and winter rapeseed, wheat are grown here.

A combine harvester is used on the farm activities, as well as a tractor, a sprayer, a drill, and other necessary equipment.

The farmer is already known to HeavyFinance investor community, he fully repaid one loan of € 10 000 in 2021

Now the farmer is borrowing € 15 000, which will be used for working capital, for the start of the season, for the purchase of fuel.

Area of declared land:  165,05 ha of which 98,85 ha is owned


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.