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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.
LT0001335
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 266.62 ha | 143.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 406,228.00 € | 318,630.00 € |
| Net profit | 92,622.00 € | 53,678.00 € |
| Equity ratio | 32.82% | - |
Documents
Payment schedule
The project owner started the development of his farm in 2010, but he actively started farming in 2017 and since then he expanded his farm’s arable land to almost 330 hectares. The farmer’s wife also owns agricultural land, therefore the total area of the family farm is up to 350 hectares. The farmer employs one permanent employee and additional employees during the season.
The businessman applies a no-till farming approach on his farm where the majority of the farm area is sown with wheat, as well as barley and rapeseed. The businessman has three tractors, a combine harvester, a sprayer, a seed drill, a disc harrow, a trailer, and other agricultural machinery to do all the work.
This is not the first loan with HeavyFinance, the businessman already fully repaid four loans (LT0000022, LT0000493, LT0000758 and LT0000428). Currently active loans LT0001107, LT0001081, LT0001004, LT0000389.
Besides, his previous loan LT0001004 is the pilot zero-interest green loan providing investors with an opportunity to contribute to climate change mitigation and enhance agriculture transformation from polluting to CO2 removal.
The businessman is borrowing € 17 880 for this project. The money will be used for machinery purchase. The loan is secured by a Case IH tractor.
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.