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With this project, we invite you to contribute to the development of Lithuanian crop farming activities.
The farmer, started working in the agriculture sector in 2008. Currently he cultivates a farm of 71.05 hectares in the Skuodas district and grows rapeseed, wheat and triticale. The farm machinery fleet consists of a harvester, two tractors, and other agriculture equipment.
This is the farmer's second project on the HeavyFinance platform, with the aim of borrowing EUR 14 000 to purchase machinery. The farmer is paying the existing loan (LT0000221) on time.
Active loans balance: €10 000
Active loan number: LT0000221
Loan information LT0000968
| Raised | €14 000 |
| Remaining | €0 |
| Goal | €14 000 |
| Left | 0 Days |
| Return rate | 8.90% - 10.80% |
| Risk rating | A+ |
| Loan period | 38 Months |
| LTV | 69% |
| Country | Lithuania |
| Loan purpose | Working capital |
| Repayment type | Tailored to farmers need |
| No of investors | 35 |
| Security measures | Pledge of assets, Personal liability |
Business information
Loan history
| Declared land, ha | 71.05 |
| Owned land, ha | 28.94 |
| Revenue | |
|---|---|
| 2021 | €110 897 |
| 2020 | €80 810 |
| Net profit | |
| 2021 | €15 744 |
| 2020 | €21 019 |
| Equity ratio | |
| 2021 | 57% |
Security measures
| Type | Description | Value | Valuation method |
| Heavy equipment | Disc assembly ROL-EX | €13 000 | Commercial offer |
| Heavy equipment | Eco-friendly harrows JAR-MET | €7 140 | Commercial offer |
| Other | Sole accountability | €0 | |
| Total value of pledged assets | €20 140 | ||
Annual interest
| Investing from €100 | 8.90% |
| Investing from €500 | 9.60% |
| Investing from €1 000 | 10.20% |
| Investing from €2 000 | 10.80% |
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.
