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Fully invested

LT0000100, Equipment loan for a new seeder

Raised:
41 500.00 €
Goal:
41 500.00 €
Loan number
LT0000100
Yearly return rate
12.1 % - 14.2 %
Goal
41 500.00 €
Loan period
32 Months
Risk rating
C
Extra measures
Pledge of assets
Investors
71
Location
Lithuania
Secondary market
Introduction
Detailed Information
Project owner
Project risks
Documents

Secondary market

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Introduction

About the project

With this project, we invite the HeavyFinance investor community to invest in the development of a Lithuanian farm heavy machinery fleet. The received funds will be used in order to purchase a new seeder from Dotnuva Baltic, UAB. The loan will be secured by pledging the purchased equipment.

The project owner has been successful in the agriculture field for seven years. During this time he expanded his crop farm in Pasvalys district from 60 to 174.86 ha of declared land areas. Beans, wheat, and dill are mainly grown here.

Having recently rented more lands, the project owner is looking for funding opportunities to purchase new equipment. With this project, the farmer borrows 41.500 €, which will be used to purchase a seeder Kverneland u-drill.

Currently, the farm heavy machinery fleet consists of four tractors, a drill, a combine, a cultivator, and other equipment necessary for harvest preparation.

The entrepreneur is not only planning to purchase new equipment but also to complete the grain storage facility that is now under construction. After acquiring more plots of arable land the farmer expects a successful season, therefore he prepares for it in advance. 

Area of declared land: 174,86 ha

Equipment seller: Dotnuva Baltic, UAB

Annual interest:

  • Investing from 100 € - interest 12,1%
  • Investing from 500 € - interest 12,8%
  • Investing from 1.000 € - interest 13,1%
  • Investing from 2.000 € - interest 13,6%
  • Investing from 5.000 € - interest 13,8%
  • Investing from 10.000 € - interest 14,2%

Detailed Information

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Project owner

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Project risks

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Documents

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Investments

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