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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.
LT0000763
| Project owner | Address |
|---|---|
| Genė Vida Girniukaitienė | Piktagalio k., Anykščių r. |
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 147.75 ha | 125.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 123,089.00 € | 134,587.00 € |
| Net profit | 73,996.00 € | 6,962.00 € |
| Equity ratio | 30.33% | - |
Documents
Payment schedule
About the project
This project provides HeavyFinance investors with the opportunity to invest in the growth of Lithuanian organic farm.
The businesswoman has already developing her mixed farm for 15 years and now successfully manages a 147,75 ha organic farm in the Anykščiai district. 95 ha of farmland is covered by organic crops, and the rest is wooded areas and meadows, where beef cattle graze. The businesswoman farms with other family members, and together the family manages about 800 hectares, where only organic products are grown. The farm's technical fleet consists of a combine harvester, a tractor, and a trailer for transporting grain.
At the beginning of September 2021, the farmer purchased 25 organic 8-12-month-old calves for rearing. ln addition, the project owner purchased 35 heifers of the organic Aubrac breed and 2 purebred bulls from the funds borrowed during the previous project. The heifers were calved in 2022 on February-March, and adult calves will be available for sale after 8-10 months, leading to 900 € for 1 unit or after 20-24 months receiving 1 600 €.
The farmer has already fully repaid 2 out of 5 loans on the HeavyFinance platform, in the amount of 36 000 €. The other active 3 loans have the total current balance of €183 116.89 - the investors have already earned 17 900 € of interest from existing loans.
The development-oriented farmer is now borrowing 15 000 € to increase the farm's working capital for seed purchases.
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.