agriculture_loan

agriculture_loan_description

LT0002291

goal
150,000 €
raised
0 €
0%
return_rate
from 13.7%

rating
C+

period
48

time_left

LTV
77%

country
Lithuania

loan_purpose
Refinancing

business_information
security_measures
loan_history
project_owner address
Xxxxxx Xxxxxxxxxčxxx
Xxxxxxxx x., Xxšxų xxx., Xxšxxx, Xxšxxx x 10
header_1 declared owned
farming_land146.13 ha23.94 ha
20232022
revenue 262,792.00 € 201,508.00 €
net_profit 40,729.00 € 30,722.00 €
equity_ratio 17.33% -
project_description
documents
payment_schedule

In 1999, a mixed farm was set up in the Pasvalys district, growing cereals such as wheat, oilseed rape and others. The farmer declares 146,13 hectares of land of which 80 ha are owned by the farmer himself. He and his wife also keep 500 colonies of bees on the farm, which produce 20 tonnes of pure honey every year. All the honey is exported to foreign markets.

The farmer has benefited from several EU subsidies, which have enabled him to purchase new farm machinery such as tractors, combine harvesters and other farming equipment, as well as a modern honey processing plant. The farm has been awarded several prizes for its sustainability and tidiness.

Currently, the farm needs investments for its expansion, for which the farmer has approached the HeavyFinance community, and the necessary amount will be used to refinance the loan with another credit institution and for the expansion. The loan will be secured by a mortgage on 23.94 ha of land.

project_risks

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additional_information:

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