Risk rating
Months
31
LTV
45%
Goal
€20 000
Raised
€20 000
100%

Risk rating

31

Months

45%

LTV

Goal:

€20 000

Raised:

€20 000

100%

Annual interest

Investing from €100 13.00%
Investing from €500 13.80%
Investing from €1 000 14.50%
Investing from €2 000 14.70%
Investing from €5 000 15.00%

Business information

Declared land, ha 61.20
Owned land, ha 44.72
Revenue
2021 €23 214
2020 €20 434
Net profit
2021 €11 859
2020 €8 915
Equity ratio
2021 58%

Security measures

Type Subtype Description Value Manufacture year Area size Valuation method
Heavy equipment Tractor Case-IH Maxxum 110 with hydraulic forklift €44 500 According to independent property valuation
Other Sole accountability
Total value of pledged assets €44 500
Summary
Loan history

About the project

With this project, we are inviting the HeavyFinance investor community to help the farmer increase his working capital to prepare for the upcoming season and to refinance his loan.

The project owner, who has years of experience, is running a crop farm in the Taurage region. On the 61.2 ha of land, he grows potatoes and cereals, most of which are wheat. The farm uses a combine harvester and two tractors.

This is the farmer's fourth project on the HeavyFinance platform. Active loans: LT0000484, LT0000126 and LT0000675 which will be refinanced.

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.

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