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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.
BG0001105
Project owner | Address |
|---|---|
header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 111.52 ha | 0.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 25,896.80 € | 32,431.65 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
Lilyana started farming 10 years ago and now she is managing over 110 ha of arable land in the village Staro selo, region Vratsa.
The pastures on her farm are certified organic, hence the hay. Moreover, she is breeding 75 horses. The farm has all the necessary equipment, including 2 tractors, a mulcher, a mower, a hay harvester and a baler.
The agriculture expertise has been passed over within her family. Now her grandchild has started his own farm and recently has won the Rural Development Programme "Young Farmer".
Now the businesswoman is borrowing 11 326 € to buy sheep in order to expand and diversify her business. The loan will be backed by a tractor PRONAR 1523 A made in 2018, a value of 16 180 €, resulting in 70% LTV. Moreover, her grandson is providing his personal surety to secure the loan.
This is the third loan of the farmer on the HeavyFinance platform, she has been making instalments in a timely manner.
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.