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Fully invested

LT0000114, Equipment loan for a new tractor after the received NPA support

Raised:
50 330.00 €
Goal:
50 330.00 €
Loan number
LT0000114
Yearly return rate
9.1 % - 11.2 %
Goal
50 330.00 €
Loan period
30 Months
Risk rating
B
Extra measures
Guarantee
Investors
119
Location
Lithuania
Introduction
Detailed Information
Project owner
Project risks
Documents

Secondary market

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Introduction

Individual guarantee

The farmer got granted an individual guarantee of 80% provided by a governmental development institution Agricultural Credit Guarantee Fund. Please read more about individual guarantees and benefits this scheme provides for investors in our news section.

About the project

This project is intended for the development of the Lithuanian mixed farm heavy machinery fleet. We invite the HeavyFinance investor community to invest in an equipment loan for a new tractor with the support of the National Paying Agency. The loan will be secured by the purchased new equipment and an 80% individual state guarantee.

The businessman, who has more than 25 years of experience in agriculture, manages a 123 ha mixed farm in the Mažeikiai district. Crops, such as wheat, barley, and other crops, as well as beef cattle are grown on the farm.

The farm's equipment fleet consists of a tractor and other necessary equipment. To modernize the farm, the project owner has received NPA support for the purchase of new equipment. The first stage of the support is intended for the purchase of a New Holland T7.175 tractor. The grant amount for the project is 34.000 €. The support will be paid to the businessman by the end of the summer after the purchase of the tractor.

In the coming years, the farmer is planning to implement the second stage of the received support by purchasing more new machinery. 

Equipment seller: Lytagra, AB

Annual interest

  • Investing from 100 € - interest 9,1%
  • Investing from 500 € - interest 9,8%
  • Investing from 1.000 € - interest 10,1%
  • Investing from 2.000 € - interest 10,6%
  • Investing from 5.000 € - interest 10,8%
  • Investing from 10.000 € - interest 11,2%

Detailed Information

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Project owner

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Project risks

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Documents

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Investments

No investments found.

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