Create an account to make your first investment in only few steps!

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.

LV0001280

Goal

7,000 €

Raised

7,000 €

Return rate

15.5%

Rating

Period

Time left

LTV

Country

Latvia

Loan purpose

Equipment purchase

Business information

Security measures

Loan history

Project owner	Address
XXX "XXīxxxx", Xāxxxx Xīxxxx	Xēxxxxxxx xxx., Xxxxxšx xxx., "Xxxxxxxņxx", XX-5209

header_1	Declared	Owned
Farming land	50.00 ha	8.00 ha

	2021	2020
Revenue	29,641.00 €	15,008.00 €
Net profit	1,720.00 €	-1,519.00 €
Equity ratio	12.56%	-

Project description

Documents

Payment schedule

This project invite you to contribute to the development of the company SIA KVītols. The main activity of the business is grain cultivation and forest management.

Currently, the company manages 50 hectares of land, of which 8 hectares are owned. At the moment, SIA KVītols has 35 ha of land planted with winter wheat and the remaining 15 ha with winter rapeseed.

The own fleet of agricultural machinery consists of a combine harvester, tractors, discs, a plough, a sowing machine, a sprayer, a spreader and other smaller implements.

With its first project on the Heavy Finance platform, the company is seeking to borrow €7 000 and to purchase a new hydromanipulator.

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.