Fully invested

CHALLENGER ROGATOR 665B

Raised:
63 750.00 €
Goal:
63 750.00 €
Interest
10.2 % - 12.5 %
Goal
63 750.00 €
LTV
70%
Loan period
18 Months
Risk class
B
Loan type
Loan for purchase
Investors
50
Location
Lithuania
Introduction
Detailed Information
Project owner
Project risks
Documents

Introduction

Algis Jankeliūnas became a farmer around 30 years ago, right after Lithuania regained independence. He and his son now work around 650 hectares of arable land, including the land they are renting. Farmer is growing wheat, rapeseeds and beans.

Over the last several years Algis invested heavily into agricultural machinery, which enabled him to employ new technologies in his farm. Now, he aims to acquire a self-propelled sprayer Challenger Rogator 665B.


In 2019 m. his farm had 24.800 Eur of profit.

Interest rates


  • Investing from 100 € - interest 10,2%
  • Investing from 1.000 € - interest 10,5%
  • Investing from 5.000 € - interest 11%
  • Investing from 20.000 € - interest 11,5%
  • Investing from 40.000 € - interest 12,5%

At present, the Platform Operator does not make it possible to transfer claim rights that are acquired by concluding financing transactions through the Platform. (No secondary market)


Purpose of the loan


To purchase self-propelled sprayer Challenger Rogator 665B.


Project investment return and interest payment


  • Start of the loan financing period on the HeavyFinance (Platform Operator) platform: 2020-07-29
  • End date of the financing period: 2020-08-12, or until the loan is fully financed.
  • Investment: from 100 €
  • Annual return on investment: from 10,2% to 12,5%.
  • Loan term: 18 months
  • The farmer will pay EUR 38,250 on an annuity basis with a 3-month deferral of the loan installment, interest will be paid on the entire loan amount and EUR 25,500 will be repaid with the last loan installment.

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.

Calculate investment

Amount
100
100
63750
100
Interest
%
10.2
10.2
14.2
10.2
With this project in one month I will earn
0 €
After 12 months I will earn
0 €
After 18 months i will earn
0 €
Platform fee
0 €

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