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Fully invested

LT0000117, Working capital loan backed by the land and its buildings

Raised:
5 000.00 €
Goal:
5 000.00 €
Loan number
LT0000117
Yearly return rate
11 %
Goal
5 000.00 €
Loan period
29 Months
Risk rating
A
Extra measures
Pledge of assets
Investors
29
Location
Lithuania
Introduction
Detailed Information
Project owner
Project risks
Documents

Secondary market

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Introduction

This project encourages the HeavyFinance investor community to invest in the development of a relatively young farm. The loan is intended to increase working capital and will be secured by the land plot with the buildings.

A young businessman who recently started his career in agriculture is renting 65.35 ha of land in Kupiškis district. Oilseed rape and wheat are grown here.

To successfully prepare for his second season, the project owner borrows 5.000 €, which will be used for seeds and other necessary expenses.

The farmer has ambitious goals related to the development of the farm. This year, the businessman plans to expand the available land to 200 ha and purchase a tractor and a drill.

Currently, the tractor, cultivator, and sprayer are used on the farm.

Area of declared land: 65,35 ha

Annual interest

Fixed annual interest rate - 11%

Detailed Information

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Project owner

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Project risks

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Documents

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Investments

No investments found.

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