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.
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