Fully invested

LT0000118, Equipment loan for a front loader and a mower

Raised:
12 000.00 €
Goal:
12 000.00 €
Loan number
LT0000118
Yearly return rate
9.4 % - 11.3 %
Goal
12 000.00 €
Loan period
31 Months
Risk rating
B
Extra measures
Guarantee
Investors
28
Location
Lithuania
Secondary market
Introduction
Detailed Information
Project owner
Project risks
Documents

Secondary market

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Introduction

Individual guarantee

The farmer got granted an individual guarantee of 80% provided by a governmental development institution Agricultural Credit Guarantee Fund. Please read more about individual guarantees and benefits this scheme provides for investors in our news section.

About the project

With this project, we invite the HeavyFinance investor community to invest in the development of the relatively new farm. The funds are collected for the purchase of a mower and a front loader. The loan will be secured by the purchased equipment and an 80% individual state guarantee.

The farmer cultivates a 6.49 ha mixed farm in the Alytus district. Beef cattle, potatoes, and pumpkins are grown on the farm. The farm's technical fleet consists of a tractor, a truck, a potato harvester, and a plough. Besides, the owned heavy machinery is used to supply services such as plowing and sowing to other farms.

Currently, the businessman is planning to expand the equipment fleet with a used mower and front loader, therefore he borrows 12.000 € for this purpose.

Further development of the farm is not limited to the equipment expansion - the businessman is planning to acquire new plots of land and purchase up to 20 cattle this year.

Area of declared land: 6,49 ha

Annual interest

  • Investing from 100 € - interest 9,4%
  • Investing from 500 € - interest 10,1%
  • Investing from 1.000 € - interest 10,7%
  • Investing from 2.000 € - interest 11,3%

Detailed Information

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Project risks

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Documents

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Investments

No investments found.

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Success

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