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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.

LT0001066

Goal

8,400 €

Raised

8,400 €

Return rate

15%

Rating

Period

Time left

LTV

Country

Lithuania

Loan purpose

Working capital

Business information

Security measures

Loan history

Project owner	Address
Ūxxxxxxxx (-ė) Xxxxxė Xxxxxxxxė	Xxxxxų xxx., Xxxxxxžėxų xxxxxxxxx, Xxxxxėxxx xxxx.

header_1	Declared	Owned
Dirbama žemė	7.47 ha	5.63 ha

	2021	2020
Revenue	14,506.68 €	13,173.16 €
Net profit	-	-
Equity ratio	-	-

Project description

Documents

Payment schedule

A farmer, who has a degree in biology from Vilnius University, is successfully expanding and modernizing her existing livestock farm. The businesswoman raises around 70 goats and produces dairy products from fresh goat milk. Seeing that her products are gaining more and more recognition, the farmer is now seeking to reconstruct and modernize the goat barn and equip production facilities, which will allow increasing the volume of production.

A woman is also working as a biology teacher next to her agriculture business. The project owner would like to switch completely to agricultural activities, but before that, she faces a need to reconstruct the necessary building, which will give more stability to the farm.

The businesswoman also raises several rabbits, chickens, has a garden.

This is her second project on the Heavy Finance platform, with the aim of borrowing 8 400 Eur. Payments on her existing loan (LT0000281) with the balance of 7 393,40 EUR have been made on time.

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.