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Fully invested

Equipment loan for a telescopic loader Manitou MLT 735 H

Raised:
24 500.00 €
Goal:
24 500.00 €
Loan number
LT0000068
Interest
10.3 % - 12.2 %
Goal
24 500.00 €
Loan period
33 Months
Risk class
A
Loan type
Loan for purchase
Investors
70
Location
Lithuania
Secondary market
Introduction
Detailed Information
Project owner
Project risks
Documents

Secondary market

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Introduction

This project provides the HeavyFinance investor community with an opportunity to invest in the heavy-equipment fleet development of the Lithuanian farm. The funds are collected to purchase a used telescopic loader Manitou MLT 735 H (made in 2011). The purchased equipment and 1,78 ha of arable land will be pledged to secure the loan.

The farmer is engaged in farming since 2015, and now she is developing a 149.74 ha crop farm in Pakruojis district. Most of the land is rented, and the farmer herself owns 8 ha. The farm currently grows crops such as wheat, oilseed rape, beans, and peas.

The farm's heavy-equipment fleet consists of two tractors, a seed drill, and other necessary equipment, which is essential for efficient work. To increase the technical capacity of the farm, the businesswoman borrows 24.500 € from the HeavyFinance investor community. The funds will be used to purchase a used telescopic loader Manitou MLT 735 H, made in 2011. The original value of the loader is 26.499 € including VAT, therefore part of the funds will be covered by the farmer herself. To secure this loan, the purchased technical unit and a 1.78 ha plot of land in Pakruojis district are pledged.

The entrepreneur has other plans for the further development of the farm - in the future, she plans to acquire more arable land suitable for crop production and expand her agricultural activities.

Interest:

  • Investing from 100 € - interest 10,3%
  • Investing from 500 € - interest 10,8%
  • Investing from 1.000 € - interest 11,2%
  • Investing from 2.000 € - interest 11,5%
  • Investing from 5.000 € - interest 11,8%
  • Investing from 10.000 € - interest 12,2%

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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