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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.
LT0001792
| Project owner | Address |
|---|---|
| Paula Aidukonienė | Vilkaviškio r., Kybartų sen., Vilkupių k |
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 20.22 ha | 6.68 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 142,518.00 € | 128,005.00 € |
| Net profit | 45,250.00 € | - |
| Equity ratio | 39.03% | - |
Documents
Payment schedule
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Since 2014, a mixed farm has been operating in Vilkaviškis district, where she currently keeps 30 dairy cows and 8 heifers on her farm. Part of the land is devoted to cereal crops - maize, wheat and barley.
The farm uses three tractors, a combine baler, a drill, a hay mower, a rake and a trailer. The project owner's husband, father and brother also own cereal farms, bringing the total family farm to around 200 ha. The farmer owns 20.22 ha of land, of which 6.68 ha are owned by the farmer herself.
Due to poor harvests and untimely NMA payments, the farmer turned to the HeavyFinance community for help to refinance her father's loan LT000630 on the HeavyFinance platform. The new loan will be secured by a mortgage on the tractor and a personal guarantee from the farmer's spouse.
This is not her first project on the HeavyFinance platform. The total balance of existing loans (LT0000800, LT0000044) has been fully repaid and currently has an active loan balance of 28 491 € from her loan LT0000986.
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.