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.

LT0001902

Goal
60,000 €
Raised
60,000 €
100%
Return rate
up to 15.4%
Rating
B
Period
31
Time left
LTV
50%
Country
Lithuania
Loan purpose
Refinancing
Business information
Security measures
Loan history
Project owner Address
Karolis Klikūnas Panevėžio r., Paįstrio sen., Pamiškės k.
header_1 Declared Owned
Farming land 523.47 ha 23.61 ha
20222021
Revenue 881,905.00 € 502,499.00 €
Net profit 233,371.00 € 39,602.00 €
Equity ratio 23.08% -
Total value of pledged assets

120,922.00 €

Implements Seeder 2019 104,000.00 € According to independent property valuation
Implements Cultivator 2020 16,922.00 € VŠĮ Emprekis (a monthly publication that covers the average prices of used and naturally worn-out vehicles up to thirty years old. The company provides its services in Lithuania, Latvia, Estonia and Germany, and are also trusted by banks)
Other Personal liability - -
Read more about security measures here.
Loan number Project goal Outstanding principal Paid interest Status
LT0001902 60,000.00 € 60,000.00 € 729.95 € Active
LT0000707 15,000.00 € 14,963.23 € 3,658.86 € Active
LT0000747 42,000.00 € 0.00 € 5,544.28 € Repaid
LT0000819 67,760.00 € 22,774.36 € 10,781.85 € Active
LT0001803 77,000.00 € 77,000.00 € 2,657.85 € Active
Project description
Documents
Payment schedule
We invite you to invest in a farmer who is committed not only to high quality production but also to sustainable agriculture. 

Since 2018, the farmer is successfully farming 523.47 ha of land, of which 23.61 ha are owned. The farm grows wheat, rapeseed, barley and beans.

The farmer applies the method of no-till farming on his farm and plans to expand his farm in the future by increasing the area of agricultural land.

The farm's machinery fleet consists of modern equipment: grain silos, 2 newly-built tractors, a self-propelled sprayer, a new combine harvester, a cultivator, an efficient seeder, semi-trailers for transporting grain, and other necessary machinery to ensure a smooth and efficient workflow.

It is also important to mention that this farmer is a long-term member of the HeavyFinance community. He has so far fully repaid one loan, LT0000747 (€42,000), out of three, and paid over €18,800 in interest to investors.

The farmer is currently looking to refinance his loans and increase the liquidity of his business. Join the growth of this promising farm and let's ensure its sustainable development together!

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.