The farmer started farming in 2002 in Lithuania, where he owns 70 hectares of arable land and is renting 200 ha more. The businessman is growing rapeseed, wheat among other grain crops.

He has been investing a lot in heavy equipment; therefore, the farmer has a Claas combine harvester, John Deere, Claas and Case tractors no older than 20 years. Now he is acquiring a self-propelled sprayer SAM 4000 Vision made in 2010 for €50.820 including VAT.

Interest rates:

Interest rate - 12 %

Purpose of the loan:

To purchase self-propelled sprayer SAM 4000 Vision

Project investment return and interest payment:

• Start of the loan financing period on the HeavyFinance (Platform Operator) platform: 2020-12-10
• End date of the financing period: 2020-12-24, or until the loan is fully financed.
• Investment: from 100 €
• Annual return on investment: 12%.
• Loan term: 11 months
• The project owner will repay the principle in one instalment at the end of the loan term, interest will be paid monthly