Fully invested

Equipment loan to purchase the excavator Case cx180D

Raised:
82 750.00 €
Goal:
82 750.00 €
Loan number
LT0000033
Interest
10.3 % - 12.5 %
Goal
82 750.00 €
Loan period
35 Months
Risk class
A
Loan type
Loan for purchase
Investors
98
Location
Lithuania
Secondary market
Introduction
Detailed Information
Project owner
Project risks
Documents

Secondary market

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Introduction

Ignas Riauba has a mixed ecological farm in Lithuania, Klaipėda county. He grows more than 100 dairy cows and other cattle. Furthermore, he grows spelt wheat, oats, buckwheat among other grain crops.


After more than six years of farming, he owns more than 100 ha of arable and rents more than 350 ha of arable land. Ignas is planning to acquire more land in the future, however, as for now, he decided to invest in buying more heavy equipment. 
Therefore, he is buying tracked excavator Case cx180D made in 2016. This heavy-duty vehicle will be employed to cut bushes and clean the land for himself and other farmers around him. 


According to the independent valuation company, this tracked excavator is worth €125.235. It was used for 2.207 moto hours and is in a good condition. 


To acquire this heavy-duty vehicle Ignas is borrowing €82.750 from HeavyFinance investor community. Consequently, loan-to-value ratio is 66%. Besides, the principal amount will be paid back to investors in yearly instalments, while the interest will be paid monthly. 


The financial situation of the farm

Gross output

  • 2019 m. €184.000
  • 2018 m. €196.000

Net profit

  • 2019 m. €99.000 
  • 2018 m. €243.000

Equity ratio

  • 2019 m. 55,48%
  • 2018 m. 64.29%


Interest rates:


  • Investing from 100 € - interest 10,3%
  • Investing from 500 € - interest 11%
  • Investing from 5 000 € - interest 11,3%
  • Investing from 10 000 € - interest 12%
  • Investing from 15 000 € - interest 12,3%
  • Investing from 20 000 € - interest 12,5%


Purpose of the loan:


To purchase crawler excavator Case CX 180D.


Project investment return and interest payment:


  • Start of the loan financing period on the HeavyFinance (Platform Operator) platform: 2020-12-08
  • End date of the financing period: 2020-12-22, or until the loan is fully financed.
  • Investment: from 100 €
  • Annual return on investment: up to 12,5%.
  • Loan term: 36 months
  • The project owner will repay the principal according to the schedule below: 
  • December, 2021 (27 309 Eur)
  • December, 2022 (27 583 Eur)
  • December, 2023 (27 858 Eur)
  • The Interest will be paid monthly.

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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Success

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