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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.

LT0001228

Goal

10,000 €

Raised

10,000 €

Return rate

14.5%

Rating

Period

Time left

LTV

Country

Lithuania

Loan purpose

Working capital

Business information

Security measures

Loan history

Project owner	Address
Xxxxxxxx Xxxxxxxxxxx	Xxxxxxxxxx xxxxxxxxx., Xxxxxx xxx.

header_1	Declared	Owned
Farming land	15.41 ha	3.49 ha

	2021	2020
Revenue	13,530.81 €	12,410.31 €
Net profit	-	-
Equity ratio	-	-

Project description

Documents

Payment schedule

A small mixed farm of 15 hectares in the village of Orija was established in 2019.

The farm has 8 breeding sheep and also grows cereal crops such as wheat, rapeseed, barley and meadow crops.

The farm has its own fleet of machinery, including a tractor and smaller implements for working the land and maintaining the livestock. The farmer works alone on his farm and receives income both from the farm and from hired labour.

With his first project on the Heavy Finance platform, the man is aiming to borrow EUR 10 000 to buy rented land.

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.