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.

LT0002373

Goal
15,000 €
Raised
15,000 €
100%
Return rate
13%
Rating
B+
Period
35
Time left
LTV
-
Country
Lithuania
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
Xxxxxxx Xxxxxx
Xxžxxxxų x., Xxxxxų x., Xxxxxxčxx x. 18
header_1 Declared Owned
Dirbama žemė78.95 ha32.00 ha
20232022
Revenue 74,407.00 € 183,500.00 €
Net profit 21,050.00 € 58,710.00 €
Equity ratio 54.43% -
Project description
Documents
Payment schedule
HeavyFinance invites you to invest in a loan for the farmer that started his farming business in 2005. Now he has a farm with 79,25 hectares of land, of which 32 are his own.

Summer wheat, winter wheat as well as other grain crops are grown with the help from family members during the harvest season.

The farmer has 2 tractors, harvester, seeder and other smaller pieces of equipment. The farm uses strip-till farming approach.

This is the farmer's seventh loan on a HeavyFinance platform. Five of them are already fully repaid without any late payments. In total, investors have already earned 31 384 € in interest. Now the farmer is asking for a loan from the HeavyFinance investor community 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.