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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.
LT0001139
Project owner | Address |
|---|---|
header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 68.08 ha | 17.74 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 68,596.00 € | 37,186.00 € |
| Net profit | 10,294.00 € | -1,886.00 € |
| Equity ratio | 50.58% | - |
Documents
Payment schedule
With almost two decades of experience in managing the livestock farm, the agri-entrepreneur has grown his mixed farm to almost 70 hectares. He has also taught his daughter everything he knows about agriculture, and she, after completing the Young Farmer Programme, manages her own farmland nearby - father and daughter have more than 100 hectares together. The family raises dairy cows on both farms, and some of the land is devoted to maize and clover for cattle feed, as well as growing wheat for sale.
The agri-entrepreneur uses his own machinery fleet to carry out the farm work, including a tractor, a new round baler, a tractor, a telescopic loader and a combine harvester. The farmer claims that the machinery is sufficient for the farm and also has the plan to renovate the farm in the future.
During the 9-month period of 2022, the farm has generated 68 596 € in revenue, exceeding the revenue of 2021.
At the moment, the farmer has two loans on the HeavyFinance platform (LT0000443 and LT0000676), which are paid on time.
The farmer is seeking for 12 000 € to refinance the loan LT0000443 with a longer term as this year has been a very difficult one, with rising commodity prices. After the refinance, the farmer will have a total active loan amount of 65 130 €
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.