This project provides HeavyFinance investors with the opportunity to contribute to the Latvian company’s development. The loan will be used to increase working capital and will be secured by pledging 2 plots of land.
The company MADARAS-17, IK cultivates a 66 ha farm, which mostly cultivates grains. Some farm plots are dedicated to growing vegetables. The company is actively engaged in poultry farming as well - there are 800 chicken birds on the farm at the moment. The farm’s technical fleet consists of a tractor, a New Holland combine harvester with a 3m header, a Kverneland 3-body plow, a sprayer, a fertilizer spreader, and a seed drill.
To maintain the efficient work, the company is borrowing an 11.200 €.
Area of declared land: 66ha, of which 22 ha is owned by the company
Fixed annual interest rate - 13%