With this project, we provide the HeavyFinance investor community with an opportunity to contribute to the development of the Lithuanian farm. The project's goal is to increase working capital. The loan will be secured by pledging the land, together with a residential house and other existing buildings.
The farmer, who has been engaged in agriculture for more than two decades, rents ~5 ha of land in Šilutė district. Most of the territory is dedicated to meadows. There is a field on the farm where different crops are sown every year. Potatoes are growing there at the moment. During the season, a farmer rents equipment for farm work.
Currently, the farmer is borrowing 11.000 € to cover the running costs of the season.
Area of declared land: this year the farmer has not yet submitted a declaration, but currently the area of rented land is ~5 ha
Fixed annual interest rate - 12,5%