Deividas Kinta has been running a family farm in Lithuania where he owns 50 ha of arable land and is renting around 120 ha of land as well. The farm grows spring triticale and winter triticale among other grain crops.

After a good harvesting season, the businessman decided to accelerate the growth of the farm by purchasing more heavy equipment and preparing to buy some more arable land.

We already provided one project to fund Deividas equipment loand to buy a used combine harvester John Deere 9640 WTS. Now, we offer to invest in his equipment loan to buy a tractor John Deere 8100.

The collateral 

• 1999 m. tracktor John Deere 8100 (€22.990) - first-hand mortgage
• 2010 m. tractor New Holland LM 5060 (€22.300) - first-hand mortgage

Value of mortgaged property: 45 290€ 

Loan to current asset value ratio: 54%

Interest rates:

• Investing from 100 € - interest 10,4%
•  Investing from 1 000 € - interest 11%
• Investing from 5.000 € - interest 12%
• Investing from 10.000 € - interest 12,5%
• Investing from 15.000 € - interest 12,8%