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.
This project provides the HeavyFinance investor community with an opportunity to invest in the equipment loan for a Lithuanian farm purchasing a used tractor Fendt 820 Vario TMS made in 2010.
The company Agronera, founded five years ago by a family of farmers, currently manages 79 hectares of arable land in Telšiai district. Crops are grown on the farm and with the farm’s equipment, the company also provides services to other farms.
The firm already has a combine harvester, sprayer and other important pieces of equipment. Hoverver, after purchasing more land, the company decided to also buy a tractor.
HeavyFinance investor community already had opportunities to invest in loans for this company. Agronera has been paying the principal amount and the interest on time.