Risk rating
Months
42
LTV
66%
Goal
€45 412
Raised
€45 412
100%

Risk rating

42

Months

66%

LTV

Goal:

€45 412

Raised:

€45 412

100%

Annual interest

Investing from €100 11.60%
Investing from €500 12.30%
Investing from €1 000 12.60%
Investing from €2 000 13.10%
Investing from €5 000 13.30%
Investing from €10 000 13.70%

Business information

Declared land, ha 20.37
Owned land, ha 20.37
Revenue
2021 €4 056 930
2020 €3 645 099

Security measures

Type Subtype Description Value Manufacture year Area size Valuation method
Land real property for which the District Court of Wschowie (IV Land Registry Department) keeps a land and mortgage register no. ZG1W/00027550/7) €68 836 2.99 According to independent property valuation
Other Sole accountability
Total value of pledged assets €68 836
Summary
Loan history

This is the farmer's 2nd loan from HeavyFinance out of 3 planned at the moment.

The project owner inherited the farm (5ha) in 1980. At this moment he owns 20,37 hectares. He manages the farm with the help of workers from his other company. The main business is the cultivation of wheat and rape. The farmer always uses certified seeds from one supplier. This supplier also collects the crops from him (PNZ WÓJCIK SP. J.).

The following machinery is used on the farm:

Class Medion combine

  • John Deere tractor (2015)
  • Trailer 7,5t
  • Sprayer EKQARD (2010)
  • 4-plow rotary plough
  • Disc harrow
  • Cultivating and sowing unit
  • Fertilizer planter
  • Combination for no-till cultivation

The farmer also has a logistic company and gas station, which are currently very profitable and helps raise the income.

The loan from HeavyFinance will allow the farmer to construct a hall for servicing existing equipment and agricultural products. Also, the entrepreneur wants to buy a truck to provide service in crop transport.

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.

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