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.

LT0001002

Goal
39,200 €
Raised
39,200 €
100%
Return rate
From 9.5%
Rating
A
Period
47
Time left
LTV
89%
Country
Lithuania
Loan purpose
Equipment purchase
Business information
Security measures
Loan history
Project owner Address
Ūxxxxxxxx (-ė) Xxxx Xxxxxxxxxxxxxė
Xxxčxxų xxx., Xxxxxxxšxxx xxxx.
header_1 Declared Owned
Dirbama žemė47.24 ha7.00 ha
20212020
Revenue 43,894.00 € 52,936.00 €
Net profit 6,773.00 € 17,631.00 €
Equity ratio 55.02% -
Project description
Documents
Payment schedule
This project invites you to invest in a crop farm established in 2007 in the Radviliškis district. 
The farmer grows wheat and barley on 47 hectares of land. The woman works on the farm with her family and employs one additional worker during the season. In the future, the farmer plans to increase the farmland by additional 23 ha of land and to sow rape.
Today, the entire harvest from her farmland is sold to Linas Agro AB.

Now a farmer is approaching the HeavyFinance investor community to borrow €39,200 in her first project to buy a second-hand Claas Arion 640 tractor.

The loan is guaranteed by an 80% individual guarantee provided by the state-run National Development Institution UAB Agricultural Credit Guarantee Fund (ACGF). The guarantee provided by the EAGGF ensures that if the borrowing business or farm is unable to meet its financial obligations, up to 80% of the debt will be covered by the state-guaranteed guarantee institution EAGGF. 
The loan is also secured by the tractor to be purchased.

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.