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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.
LT0000272
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
This project provides the HeavyFinance investor community an opportunity to invest in the development of a Lithuanian ecological farm. The funding will be used to purchase three new technical units the received with National Paying Agency support.
The farmer, who started farming 13 years ago, successfully manages 327.27 hectares of a mixed organic farm in Anykščiai district. On the farm, half of the land is occupied by grain crops, and the rest is cattle. Currently, the farmer has 2 bulls, 65 cows, and about 50 young calves and heifers. Farming traditions are also cherished by the farmer's family - the farmer's mother has about 180 hectares of land and his wife has 125 hectares. The family supervises the entire managed area of land jointly.
The farm's technical fleet consists of four tractors, a combine, a drill, a rake, a cultivator, and other necessary equipment. The farmer now is planning to buy two new semi-trailers and a plow. For the purchase of these technical units, the project owner received support from the NPA, which will be fully absorbed after the submission of the purchase documents to the NPA. This is already the third stage of the NPA project - for the implementation of the first two stages, the farmer borrowed during the LT0000065 and LT0000074 projects. In addition to these loans, the farmer has also borrowed for the purchase of land and farm, therefore the total balance of farmer's loans available is 319.093 €. Loan payments are made on time.
The farmer plans to implement the fourth stage of the NMA support by purchasing the last technical unit - a round baler in September. The estimated loan amount is about 66.000 €.
Area of declared land: 327,27 hectares.
Annual interest
- Investing from 100 € - interest 8,6%
- Investing from 500 € - interest 9,3%
- Investing from 1.000 € - interest 9,6%
- Investing from 2.000 € - interest 10,1%
- Investing from 5.000 € - interest 10,3%
- Investing from 10.000 € - interest 10,7%
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.