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Agriculture loan
+State guarantee
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.
LT0001438
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 36.18 ha | 17.58 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 61,009.00 € | 34,061.00 € |
| Net profit | 28,415.00 € | 16,184.00 € |
| Equity ratio | 27.28% | - |
Documents
Payment schedule
Starting from a small cereal farm, the project owner officially established her farm in 2017. Over the past years, the farm has expanded from 13 to 36.18 hectares and now grows oats, wheat, peas, and small amounts of other crops.
The farm is run by members of the farmer's family, so she does not hire additional staff. The project owner's machinery fleet consists of a Zetor tractor and other implements needed for cultivation.
In the future, she hopes to expand her farm to at least 100 ha and now she is currently looking to borrow money to buy a combine harvester.
The loan will be secured by a mortgage on the combine harvester to be purchased. Beside, the loan will also have an extra measure as an 80 % guarantee by the Agricultural Guarantee Fund (an individual guarantee provided by the governmental development institution, the Lithuanian Agricultural Credit Guarantee Fund).
This is the farmer's second project on the HeavyFinance platform, the businesswoman has previously borrowed EUR 14,000, and has been meeting her financial obligations on time. Currently the loan has a remaining balance of EUR 7036.27.
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.