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.

LT0001012

Goal
15,000 €
Raised
15,000 €
100%
Return rate
12.5%
Rating
A
Period
36
Time left
LTV
-
Country
Lithuania
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
Ūxxxxxxxx (-ė) Xęxxxxxx Xxxxxxxx
Šxxxų xxxx., Xxxėčxų xxxxxxxxx., Xxxxėxų xxx.
header_1 Declared Owned
Dirbama žemė4.68 ha4.68 ha
20212020
Revenue 55,829.40 € 61,617.03 €
Net profit - -
Equity ratio - -
Project description
Documents
Payment schedule

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Invest in this project and contribute to the development of the farm in Šakiai district.

The man started farming in 2015 as part of the Young Farmers Programme.


Now businessman raises 960 quails and 28 sheep in the Šakiai district. The farmer sells lamb meats and quail eggs at the market. During the upcoming year, the farmer plans to increase the number of sheep to 38. For that reason, he is currently building a barn to shelter his sheep.

This is the farmer's first project on the Heavy Finance platform, with the aim of borrowing EUR 15 000 for working capital.

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.