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 drill and a trailer tedder. 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 mixed farm in Kalvarijos municipality. Part of the farm is covered by pastures, where 131 cattle currently graze. 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, which amount is 39.303 €. The project owner is borrowing from the HeavyFinance investor community 62.942 € for the remaining funding for new heavy equipment units.
The farm development plans are not limited with this project - the farmer is thinking about acquiring more livestock and expanding the rented land plot.
This is not the first farmer's loan project - the businessman previously borrowed 14.187 € to purchase a new cultivator with NPA support. The loan payments are made on time.
Equipment seller: Lytagra, AB - official representative of the German KRONE and Amazone plant in Lithuania
Area of land declared: 106.06 ha