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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.
LT0000998
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 73.20 ha | 31.62 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 132,882.00 € | 93,516.00 € |
| Net profit | 49,276.00 € | 33,742.00 € |
| Equity ratio | 62.72% | - |
Documents
Payment schedule
To help a farmer collect funds faster, we offer you to earn even more. When investing, use the promo code Heavy998 and get 3.00% cashback.
A farmer has been engaged in mixed farming for almost two decades. Although the businessman started his activity from crop production, he expanded his farming operations by acquiring several cattle a decade ago. Now he owns a mixed 73,2 ha farm in Biržai district. Almost half of the agricultural land - 31,62 ha - belongs to him. Currently, the farm cultivates rapeseed, winter wheat, barley, oats, as well as cattle. Out of the 28 cattle kept on the farm, 12 are dairy cows. The rest are beef cattle, as well as heifers. The farmer plans to add another 8 dairy cows to his farm.
The farm's current fleet of heavy machinery consists of several tractors, a sowing machine, a loader, a combine harvester and a dump truck with a manipulator.
To improve the efficiency of the farm, the businessman borrows 15 000 € from the HeavyFinance investors' community. The received funds will be used to purchase small plots of land.
The farmer is already known by the HeavyFinance investor community as he has previously borrowed a loan to renovate the roof of the barn and to purchase more dairy cows. The farmer's first loan (LT0000053) has a balance of € 8 291.05 which expected to be fully repaid in December 2022.
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.