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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.
LT0001005
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 756.65 ha | 208.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 508,073.00 € | 503,422.00 € |
| Net profit | 155,671.00 € | 167,940.00 € |
| Equity ratio | 30.27% | - |
Documents
Payment schedule
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In 2013, the project owner started to take over her father's specialised crop farm. Through two farms, the family owns 1,200 hectares of agricultural land, of which about 200 hectares are owned and the rest is rented. The project owner's long-term goal is to increase the amount of land she owns in the Kaišiadorys district, which is characterised by high agricultural productivity.
Although the farm rotates crops every year, winter and spring wheat and oilseed rape usually occupy a large area. Rye and oats are also grown. The farmer also applies the no-till farming method on her farmland.
This is not her first project on the HeavyFinance platform, with current loans (LT0000017, LT0000329, LT0000376, LT0000609) portfolio of € 212 847,02. She is now borrowing € 20 000 to increase her working capital and buying a 4 ha plot of land. However, this part of the land is included in a larger 14 ha area as there is no sharing agreement with the owners signed - no notarial pledge is possible.
The entrepreneur is making timely payments on her loans and their interest, and has already repaid one loan (LT0000122) of €40 000 at the end of 2021.
Investors have already received a total of €27 148,55 in interest from the farmer's other projects.
The land area under cultivation of the owner of the project is 756,65 ha, of which 208 ha are owned.
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.