Fully invested

Equipment loan for combine harvester New Holland CR9080

Raised:
63 875.00 €
Goal:
63 875.00 €
Loan number
LT0000042
Interest
12 %
Goal
63 875.00 €
Loan period
35 Months
Risk class
A
Loan type
Loan for purchase
Investors
73
Location
Lithuania
Secondary market
Introduction
Detailed Information
Project owner
Project risks
Documents

Secondary market

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Introduction

Laima Čepkauskienė launched her company in 1991 owning 20 hectares of arable land. Due to hard work, her agricultural business grew into a large farm with 311 ha of arable land. 172 ha of this land she owns and the rest is being rented from others.  

The whole family works on the farm and Laima also hires 4 more employees. The team takes care of 400 cattle, most of which are dairy cattle. Besides, part of the land is dedicated to growing corn and wheat among other grain crops. Some of the crops are being used to feed the cattle and some are sold.  

The farm already has a tractor, sprayer, telescopic loader and other heavy-duty vehicles. Now Laima decided to acquire a used combine harvester New Holland CR9080 for €66.5050 including VAT.

Collateral

  • Used 2007 combine harvester New Holland CR9080 (66 550 € VAT included, the value is based on the seller's commercial offer)
  • Used 2015 JCB 530-70 loader (24 700 € VAT included, determined by an independent property valuation)

Value of mortgaged property: €91 250

Loan to current asset value ratio: 70%

Detailed Information

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Documents

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Investments

No investments found.

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Success

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