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.

LT0000882

Goal
8,000 €
Raised
8,000 €
100%
Return rate
12%
Rating
A+
Period
29
Time left
LTV
-
Country
Lithuania
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
Xxxxxxxx Xxxxx
Xxxxxxų xxx., Xxxėxxų xxxx.
header_1 Declared Owned
Dirbama žemė48.36 ha37.81 ha
20212020
Revenue 38,148.00 € 35,479.00 €
Net profit 20,005.00 € 23,268.00 €
Equity ratio 61.97% -
Project description
Documents
Payment schedule
Farmer started farming in 2009 when he took over his father's farm. Both men are agronomists. Currently, his organic farm grows wheat, oats, peas, rye and clover on his 48 ha land plot.

The farms' machinery fleet consists of a tractor, a combine harvester, a sowing machine, a trailer and other small machinery to carry out basic farm work. The entreprenuer works alone on his farm. All harvest is sold to UAB Organicagro and UAB Agrokontraktas.
In the near future, the farmer plans to increase the size of his farm by acquiring more land and renting land from others.

This is the farmer's first project on the HeavyFinance platform, with the aim of borrowing EUR 8000 to increase his 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.