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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.
LT0000993
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 56.22 ha | 4.57 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 34,732.00 € | 21,444.00 € |
| Net profit | 1,421.00 € | 11,390.00 € |
| Equity ratio | 43.65% | - |
Documents
Payment schedule
To help a farmer collect funds faster, we offer you to earn even more. When investing, use the promo code Heavy993 and get 3.00% cashback.
With this project, we invite you to contribute to the development of a farm in the Alytus district within the frame of the National Paying Agency under the Ministry of Agriculture of the Republic of Lithuania (NMA) support.
The farm was established in 2017 in the village of Plikioniai and specialises in beef cattle breeding. Currently, the farmer rears 50 beef cattle and manages 56.22 ha of land.The farmer plans to expand the farm, by increasing farm land to 100 ha and to raise at least 80 beef cattle. The entrepreneur aims to grow conventional cereal crops, as well as livestock and herbaceous crops for livestock fodder.
At the moment, the farmer does not have any specialised equipment for livestock farming, such as: a trailed manure spreader, a tine cultivator, a packer roller, a disc cultivator, a telescopic handler, a gantry, a fertiliser spreader, a rake, a livestock transport trailer, as well as a hay mower, and is therefore acquiring the missing equipment for the farm under the proposed project.
The farmer met all the criteria to receive support from the NMA for the modernisation of the farm.
This is the farmer's third loan on the HeavyFinance platform. The total balance of the existing loans (LT0000401, LT0000397) is EUR 21 000.
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.