Fully invested

LT0000095, Equipment loan for a new cultivator with NPA support (Stage I)

Raised:
14 178.00 €
Goal:
14 178.00 €
Loan number
LT0000095
Yearly return rate
10.9 % - 12.8 %
Goal
14 178.00 €
Loan period
33 Months
Risk rating
B
Extra measures
Pledge of assets
Investors
34
Location
Lithuania
Secondary market
Introduction
Detailed Information
Project owner
Project risks
Documents

Secondary market

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Introduction

About project

This project provides HeavyFinance investors with the opportunity to invest in the development of the Lithuanian mixed farm. The financing will be used to purchase a new cultivator. The purchased equipment will be pledged to secure the loan.

The businessman, who has been engaged in farming for the last 16 years, successfully manages a 106.06 ha of the mixed farm in Kalvarijos municipality. Part of the farm is covered by pastures, where 131 cattle is currently grazing. Both beef and dairy cattle are raised on the farm. The most fertile areas of the land are intended for crop production - corn, wheat, and oats are grown there.

The farm's heavy machinery fleet consists of several tractors, a combine, a baler, and other necessary equipment. Most of the heavy equipment has been purchased with the support of the National Paying Agency (NPA). The farmer received the NPA support for this project as well. The support for the purchase of a cultivator amounts to 10.697 €. The support is intended to cover costs and expenses, therefore it will be received after the final purchase of the cultivator. To receive the remaining funding for the purchase of a new Kompaktomat K 600 PS cultivator, the farmer is borrowing from the HeavyFinance investor community 14.178 €. The project owner will pledge the purchased equipment, which total value is 25.410 €, according to the received commercial offer.

The farm development plans are not limited to this project - the farmer is planning to apply for another NPA support for the purchase of a new tractor. The farmer is also thinking about acquiring more livestock and expanding the rented land plot.

Equipment seller: Agroteka, UAB

Area of land declared: 106.06 ha

Annual interest rate:

  • Investing from 100 € - interest 10,9%
  • Investing from 500 € - interest 11,6%
  • Investing from 1.000 € - interest 12,2%
  • Investing from 2.000 € - interest 12,8%

Detailed Information

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Project risks

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Documents

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Success

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