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.

LT0001571

Goal
20,000 €
Raised
20,000 €
100%
Return rate
From 10.5%

Rating
B+

Period
28

Time left

LTV
87%

Country
Lithuania

Loan purpose
Equipment purchase

Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxxx Xxxxxxxxxčxxxė
Xxxxų x. xxx., Xūxxšxxų xxx., Xūxxšxėx Xxxxxxx x. 9-10
header_1 Declared Owned
Farming land119.49 ha13.24 ha
20222021
Revenue 91,952.00 € 81,827.00 €
Net profit 56,082.00 € 60,661.00 €
Equity ratio 53.82% -
Project description
Documents
Payment schedule

This project invites you to invest in an organic crop farm. The farm was established 12 years ago and manages an organic cereal farm of 117.62 ha in Trakai district.

The farmer grows oats, buckwheat and rye. Her husband has recently started farming as well, bringing the total area of the family farm to 150 ha. She uses a combine harvester, two tractors, ploughs, two trailers, a cultivator and other necessary machinery to maintain the farm's productivity. She is now planning to borrow EUR 20 000 to expand her farm, which she plans to use for the purchase of implements and small plots of land. Three plots of land are pledged as collateral.

This is the fourth project of the Farmer on the HeavyFinance platform. The active loan balance amounts to EUR 30 062,08. One loan has been fully covered and payments have been made on time without any delays.

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.