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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.
PL0000764
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 13.39 ha | 13.39 ha |
| 2021 | |
|---|---|
| Revenue | 131,074.00 € |
| Net profit | - |
| Equity ratio | - |
Documents
Payment schedule
About the project
This is farmer’s fourth loan with our company. To make this loan more secure, borrower's father Marcin Dąbrowski acts as a guarantor.
The farmer inherited the farm from her grandparents after she finished her agriculture degree. She's been working on it for the past 15 years and is currently the main person managing the farm. However, the family members continue to help her with the day-to-day operations. This year her farm grew from 3,77 ha to 13,39 ha and she owns all of that land.
The farm specializes in cucumbers, courgettes and lettuce. The farm recently received money from subsidies for their development and the owner is very motivated to make 2022 their breakthrough year.
A farmer will receive a large payment for vegetables in about a month, but to expedite the purchase of a new machine she wants to borrow funds for the initial payment and faster delivery of the packing machine.
This is the farmer's forth project on the HeavyFinance platform, the payments are being made on time and the current active loan balance is 176 177,55 €
(Previous Loans' numbers: PL0000461, PL0000579, PL0000612)
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.