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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.
LT0001210
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 236.35 ha | 59.13 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 164,995.00 € | 218,598.00 € |
| Net profit | 46,482.00 € | 76,826.00 € |
| Equity ratio | 55.97% | - |
Documents
Payment schedule
When investing, use a promo code radarom to support Ukraine.
This project provides an opportunity to invest in the development of an organic mixed farm.
A farmer with more than 15 years of experience manages 236 ha of land in Radžiūnai, Molėtai district, and owns almost 60 ha of agricultural land.
The farmer runs a herd of 100 Simmental cattle, a beef cattle breed, and a 40 ha buckwheat and other crop production area for cattle feed.
The farm owns a variety of heavy vehicles and other farm maintenance equipment: three tractors, a telehandler, forage preparation equipment, a sprayer, a livestock transport trailer.
This is not the first project for a farmer on the HeavyFinance platform. The active loans (LT0000854 and LT000938) are paid on time and the total active balance is EUR 20 432. It is worth noting that the farmer has fully repaid the loan LT0000180.
The farmer currently wishes to borrow for working capital, on the basis of which he provides as collateral a Massey Ferguson tractor (built in 2016). The farmer has no big plans for this year, except that he would like to expand his cattle herd a little.
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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.