Modestas Ruskys owns a mixed farm with 55 hectares of land. He grows oxen and grain such as summer wheat, winter wheat and triticale.

He also has two slurry tankers to provide services to other farmers. Modestas has a long-term agreement with one firm that is the biggest client, he also has some agreements with other farmers.

Therefore, the farmer needs one more tractor to grow as an agricultural contractor for slurry. He seeks to acquire a used tractor Deutz-Fahr Agrotron M610 for €31.375. We asked an independent valuation company Marleksa to make an official valuation of this tractor. The company set the price of €30.500 vertę. Thus, the loan-to-value ratio is 66%.

According to the financial statement, by the end of 2019, the equity ratio of the farm was 67%. Besides, gross output was €32.000, while in 2018 it was €17.000.  

Interest rates:

Interest rate -  13%

Purpose of the loan:

To purchase tractor Deutz-Fahr M610 Agrotron

Project investment return and interest payment:

• Start of the loan financing period on the HeavyFinance (Platform Operator) platform: 2020-11-26
• End date of the financing period: 2020-12-10, or until the loan is fully financed.
• Investment: from 100 €
• Annual return on investment:  13%.
• Loan term: 24 months
• The project owner will repay the principal according to the schedule below: 
• March, 2021 (2 407 Eur)
• June, 2021 (2 433 Eur)
• September, 2021 (2 459 Eur)
• December, 2021 (2 486 Eur)
• March, 2022 (2 513 Eur)
• June, 2022 (2 540 Eur)
• September, 2022 (2 567 Eur)
• December, 2022 (2 595 Eur)
• The Interest will be paid monthly.