agriculture_loan

The agricultural company, which has been operating for more than two decades, manages a 130-hectare organic farm in Smelteri, Latvia. The majority of the farm is covered by meadows, where 60 dairy cows and another 50 heifers graze. Thirty hectares of land are dedicated to organic winter wheat.

The farm uses two Deutz-Fahr tractors, a New Holland tractor, two trailers, a rake, a baler, a hay mower, a mixer, and other equipment necessary to run the farm.

This is the company's fourth loan on the HeavyFinance platform. Across its first three loans, the company borrowed a total of 128,700 EUR from the HeavyFinance investor community and now has a current active loan balance amounting to 86,022 EUR. The project owner is now asking for 11,000 EUR to cover fuel and repair costs. The loan will be secured by a pledge on 6.5 hectares of land worth 26,000 EUR.