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.

PL0001822

Goal
15,000 €
Raised
15,000 €
100%
Return rate
13.5%
Rating
B
Period
24
Time left
LTV
50%
Country
Poland
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
Gospodarstwo Rolne Adam Drożdż Kijaszkowo 5, 89-320 Wysoka
header_1 Declared Owned
Dirbama žemė 16.80 ha 16.80 ha
20222021
Revenue 54,723.00 € 15,250.00 €
Net profit - -
Equity ratio - -
Bendra įkeisto turto vertė

30,000.00 €

Agricultural land Agricultural land of a land and mortgage register no. PO2H/00000675/5 8.00 ha 30,000.00 € Based on the average prices presented by Central Statistical Office and the Agency for Restructuring and Modernization of Agriculture
Personal liability Personal liability of the project owner 0.00 € -
Daugiau apie apsaugos priemones skaitykite čia.
Loan number Project goal Outstanding principal Paid interest Status
PL0001822 15,000.00 € 0.00 € 661.60 € Grąžinta
PL0001134 35,225.00 € 0.00 € 5,686.92 € Grąžinta
Project description
Documents
Payment schedule
The farmer inherited his father's farm, which he had worked on all his life, in 2019 and has been running it independently ever since. His farm is 16,8 ha and is entirely owned by him.
He currently grows 3,5ha of maize, 4ha of sugar beet, 6ha of winter wheat and 1,2ha of triticale. The farmer received a grant (32 000 €) at the end of this year to upgrade the equipment on the farm. He purchased: BIARDZKI field sprayer, AMAZON fertilizer spreader, and UNIA FAMAROL cultivating and seeding unit.

On a daily basis he uses such machinery as:
  • Massey Ferguson tractor 
  • Massey Ferguson tractor 
  • BIZON combine harvester
The farmer's main goal for the next five years is to expand his farm's activities beyond arable farming, including beef cattle breeding. To this end, he plans to convert the buildings on his farm to enable him to breed on a larger scale. He is in the process of converting the first building for breeding. The funds from HeavyFinance are intended to help him purchase fertilizers and hay silage wrapper.

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.