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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.
LV0000757
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 34.00 ha | 34.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 38,618.00 € | 36,801.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
About the project
The farmer has been engaging in dairy farming activities since April 2003. With over 19 years of experience, she is now operating a 34-hectares dairy farm in Taurupe Parish district; all land is owned by the farmer herself.
Currently, 35 dairy cows are grazing on the farm. The equipment fleet available on the farm includes a tractor, baler, mower, cultivator, and other small implements.
To help increase the farm's working capital, the farmer is seeking to borrow 4 800 € from the HeavyFinance investor community. The funds received from this loan will be used for a purchase of wrapping film and net.
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.