Sigita and Nerijus Martinkai are farmers with 79 hectares of arable land. Apart from their farm, they also provide services to other farmers, therefore, they launched a company Agronera five years ago.

Annual revenue of the company was more than 38.000 Eur last year, in comparison to 114.000 Eur in 2018. Due to unfavourable weather conditions, the company had 5.400 Eur loss in 2019 and 4.100 Eur loss in 2018.

However, this year has been really good for farming in Lithuania, thus, the financial situation of the company is recovering. Agronera has more clients this year as well. The company got revenues from harvesting around 300 hectares of corn for other farmers with a Self-Propelled Forage Harvester Claas Jaguar 870 that it acquired this year with the money borrowed from HeavyFinance investor community.

Now the company seeks to buy almost 3 hectares of land nearby its’ farm. Some abandoned buildings are in this land-plot that will be demolished. Later one part of the land will be used for spelt wheat and in the other part hangar for heavy-equipment and farming needs will be built. The independent valuation showed that the land-plot costs €16.100.

To acquire this land Agronera is borrowing €15.300 and will use acquiring land with 1,6 hectares of the land it currently owns as collateral. Therefore, the loan-to-value ratio is 70%.

Interest rates:

• Investing from 100 € - interest 10,6%
• Investing from 500 € - interest 11,1%
• Investing from 1 000 € - interest 11,4%
• Investing from 10.000 € - interest 13%

Purpose of the loan:

To purchase farming land

Project investment return and interest payment:

• Start of the loan financing period on the HeavyFinance (Platform Operator) platform: 2020-12-03
• End date of the financing period: 2020-12-17, or until the loan is fully financed.
• Investment: from 100 €
• Annual return on investment: up to 13%.
• Loan term: 35 months
• The project owner will repay the principal according to the schedule below: 
• November, 2021 (5 049 Eur)
• November, 2022 (5 100 Eur)
• November, 2023 (5 151 Eur)
• The Interest will be paid monthly.