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.

LT0000972

Goal
15,000 €
Raised
15,000 €
100%
Return rate
13%
Rating
B
Period
38
Time left
LTV
101%
Country
Lithuania
Loan purpose
Equipment purchase
Business information
Security measures
Loan history
Project owner Address
Xxxxxxxx Xxčxxxxxx
Xxxxxėx xxxx., Xxxxxxxx xxxxxxxxx., Xxxxxxxx
header_1 Declared Owned
Dirbama žemė17.60 ha6.64 ha
20212020
Revenue 41,102.72 € 48,886.03 €
Net profit - -
Equity ratio - -
Project description
Documents
Payment schedule
With this project, a farmer from Pasvalys district approaches the HeavyFinance community to buy a mini tractor with implements.

His declared land area is 17 ha of which he owns ~7 ha. The farmer grows wheat, barley, potatoes, etc. He also plants a mixed forest on 6 ha of land plot last year .

The tractor he currently owns is an old one, with high repair costs and to rent one is not convenient. For that reason, his aim is to borrow EUR 15 000 to buy a tractor with all the necessary implements which will be registered as the collateral for this loan. 

In the future, the farmer plans to expand the area of his young forest as he sees the benefits of the forest.


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.