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Agriculture loan
+State guarantee
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.
LT0000986
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 103.83 ha | 5.53 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 128,005.00 € | 163,877.00 € |
| Net profit | 45,250.00 € | 68,733.00 € |
| Equity ratio | 26.07% | - |
Documents
Payment schedule
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The farmer in Vilkaviskis cultivates more than 100 ha of farmland. 5.5 ha of this land is owned by herself, and the rest is rented.
The farm grows rapeseed, wheat, and beans, as well as cows. The whole farmer's family is involved in farming activities since she does not hire additional employees. Her husband and father also cultivate the surrounding land, so the entire family farm consists of 300 hectares. The farm already uses a combine harvester, seed drill, two tractors, feed preparation, and other equipment.
This is not her first project on the HeavyFinance platform. The total balance of existing loans (LT0000800, LT0000044) is €26 303,43. Now the farmer aims to borrow €37 800 to buy a roller press.
The loan is secured by a pledge on the machinery and a 50 % guarantee from the Agricultural Guarantee Fund (individual guarantee provided by the Lithuanian Agricultural Credit Guarantee Fund, a government development institution).
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.