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.

LT0000808

Goal
10,400 €
Raised
10,400 €
100%
Return rate
12.5%

Rating
B+

Period
29

Time left

LTV
36%

Country
Lithuania

Loan purpose
Working capital

Business information
Security measures
Loan history
Project owner Address
Audronė Bružienė Rokiškio dist., Vatkūnų vil., Šaltupio st..
header_1 Declared Owned
Farming land 7.63 ha 7.63 ha
20212020
Revenue 11,268.87 € 8,953.99 €
Net profit - -
Equity ratio - -
Total value of pledged assets

28,600.00 €

Land 12.10 ha 28,600.00 € According to independent property valuation
Other - -
Read more about security measures here.
Loan number Project goal Outstanding principal Paid interest Status
LT0000808 10,400.00 € 0.00 € 1,698.42 € Repaid
Project description
Documents
Payment schedule

This project provides an opportunity to invest in the development of a Lithuanian dairy cow farm.

The project owner has been in the farming business for more than 20 years. In the 7 hectares of land in Rokiškio district, the farmer raises cows and sells all the milk she produces to the nearest milk collection point.


This is her first project on the HeavyFinace platform. With the fund receive from this loan, she plans to buy more cows as well as  increase working capital. 
The businesswoman provides 12,0966 ha of her forest land in Rokiškio district as collateral.

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.