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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.
LV0000777
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 58.00 ha | 17.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 26,119.00 € | 6,113.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
About the project
This project provides HeavyFinance investors an opportunity to invest in a Latvian mixed farm located in Kuldīgas district.
The farmer is managing 58 ha of farmland, of which 17 ha are owned, and the rest is being rented from private individuals.
At the moment, 27 ha of summer wheat and 13 ha of summer barley have been sown. He has allocated 18 ha of farmland for dairy cows and fallow land. There are currently 6 dairy cows.
The fleet consists of 2 tractors, one with front loader, seeder, mower, swather, baler, plow, discs, trailer, sprayer, fertilizer spreader, and other small pieces of equipment.
The project owner plans to improve the productivity of the farm, which is why he is seeking to borrow 9 000 €. The loan will help him to acquire a combine.
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.