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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.
LT0001207
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 36.97 ha | 6.52 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 26,820.00 € | 11,630.00 € |
| Net profit | 13,021.00 € | 5,381.00 € |
| Equity ratio | 84.58% | - |
Documents
Payment schedule
When investing, enter the bonus code radarom. HeavyFinance will add 1% to your investment and transfer it to the organisers of the Radarom campaign.
"We've been farming for 10 years now, and we started when we moved to the countryside after my studies and had some land we didn't want to rent out." explained by the farmer herself.
Now the businesswoman has extended her farm territory to 36.97 hectares, where she owns 6.52 hectares.
Today, she runs a mixed farm having 35 horned cattle. The farm has just sold 15, and is now planning to renew their herd and switch to purebred animals. In May 2023, the project owner will sell another 10 adult bulls and replace them with 10 pedigree heifers. The remaining animals will be dairy cows and crossbred beef heifers, as well as small calf calves. Within the next 2 years, the farm expects to have 20 bred bull cows and about 40 calf calves.
The businesswoman also cultivates winter wheat and triticale, oats. As the farm is located in a disadvantaged area where the land is not very fertile, the focus has been put more towards livestock activities.
Their machinery fleet includes a tractor Masey Ferguson 2018, tractor Case 2015, rake Masey Ferguson 2022, baler Masey Ferguson 2020, mower Masey Fergusom 2018, a combine harvester Class Mercatos, about 20 years old. The farm claims to have all the other necessary implements for cultivation.
The farm sells the cattle at market price to the buyers who pay the highest price, most recently Krekenavos mėsa, and to people for further breeding. While grains are being sold to the surrounding population and feed the rest to the cattle.
Now the project owner is looking for an additional finance to increase the working capital.
Radarom!
Just a year ago, a violent war had broken out in Ukraine. It changed lives in Ukraine as well as in Europe. During this time we all showed extraordinary unity.
Now our dear Ukrainians need multifunctional tactical radars. The objective of these radars is to watch over the airspace around strategically important Ukrainian objects as powerplants, water towers, etc. that help to ensure the usual life of ordinary Ukrainians during wartime.
You can support the initiative to buy tactical radars for Ukrainian fighters. HeavyFinance will add 1% to your investment amount and send it to the NGO’s organising this initiative.
More about the initiative: https://www.radarom.lrt.lt/en
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.