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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.
LT0000997
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 123.40 ha | 45.58 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 147,984.00 € | 130,762.00 € |
| Net profit | 36,219.00 € | 21,760.00 € |
| Equity ratio | 36.6% | - |
Documents
Payment schedule
This project invites you to invest in the development of a mixed farm. The farmer, who has been farming since 2004 is currently developing a 123 ha farm in Kretinga district (45 ha of the farmland are owned by the farmer). The farmer grows winter and spring wheat, barley, peas and winter triticale and also has 30 dairy cows and 24 suckler cows.
The farm's machinery fleet consists of a combine harvester, four tractors, a baler, a spreader and other necessary equipment. The farmer has now decided to replace her combine harvester with a much more modern and cost-effective one, as the old one is constantly breaking down and requires a lot of maintenance costs.
To replace the machine, she is borrowing 49 000 €. The loan is secured by a mortgage on the combine harvester to be purchased.
Moreover, the loan is also guaranteed by a 80% individual guarantee provided by the State-owned National Development Institution, UAB Agricultural Loan Guarantee Fund (ALGF). The guarantees provided by the EAGGF ensure that if the borrowing business or farm is unable to meet its financial obligations, up to 80% of the arrears will be covered by the state-guaranteed guarantee institution, EAGGF.
The project owner is already known by the HeavyFinance investor community as she has previously borrowed a loan. She has been meeting her obligations on time with no delays.
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.