Create an account to make your first investment in only few steps!
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.
LT0000710
| Project owner | Address |
|---|---|
| Antanas Krakys | Mažeikiai district, Pocaičiai village |
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 82.00 ha | 32.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 100,927.00 € | 58,750.00 € |
| Net profit | 59,286.00 € | 1,856.00 € |
| Equity ratio | 86.81% | - |
Documents
Payment schedule
About the project
The farmer started his farming business in 2005 by himself. Now he has a farm with 82 hectares of land, where summer wheat, winter wheat among other grain crops are grown with the help from family members during the harvest season.
He has 2 tractors, harvester, seeder and other smaller pieces of equipment. The farm uses no-till farming approach.
This is the second loan of the farmer on HeavyFinance platform. With first loan farmer purchased harvester John Deere 9660 iWTS and already have paid 9 070 EUR interests to investors and has repaid 1/3 of principle amount on time.
Now the farmer seeks to borrow 6 000 € from the HeavyFInance investor community to increase the farm's working capital.
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.