Fully invested

Loan Backed by Four Items of Heavy Machinery

Raised:
128 000.00 €
Goal:
128 000.00 €
Interest
10.4 % - 13.1 %
Goal
128 000.00 €
LTV
50%
Loan period
15 Months
Risk class
A
Loan type
Working capital loan
Investors
67
Location
Lithuania
Introduction
Detailed Information
Project owner
Project risks
Documents

Introduction

Violeta is a farmer based in Kėdainiai region, a geographical centre of the Lithuanian Republic. She started farming in 2009 growing wheat, rapseed and barley. Due to hard work and favourable seasons she managed to expand the arable lando of the farm into a field of 300 hectares. Violeta currently has six pieces of heavy agricultural equipment and is looking for a loan of 128.000 Eur to increase working capital. To get a loan she wants to use four pieces of heavy equipment as collateral. These machines are as follows:
  • Rapid 400C Super XL Seed Drill
  • UMEGA GPP23 semitrailer
  • Self-propelled sprayer Agrifac Condor
  • Tractor Case IH Puma 230 CVX.


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 12,4%
  • Investing from 20.000 € - interest 12,8%
  • Investing from 40.000 € - interest 13,1%

At present, the Platform Operator does not make it possible to transfer claim rights that are acquired by concluding financing transactions through the Platform. (No secondary market)


Purpose of the loan


The purpose of the loan is to increase working capital.


Project investment return and interest payment


  • Start of the loan financing period on the HeavyFinance (Platform Operator) platform: 2020-08-13
  • End date of the financing period: 2020-08-27, or until the loan is fully financed.
  • Investment: from 100 €
  • Annual return on investment: from 10% to 11,5%.
  • Loan term: 15 months
  • The farmer will pay EUR 65.720 on an annuity basis, interest will be paid on the entire loan amount and EUR 62.720 will be repaid with the last loan installment.

Detailed Information

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Project owner

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Project risks

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Documents

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Prisijungti
Registruotis

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Investments

No investments found.

Calculate investment

Amount
100
100
128000
100
Interest
%
10.4
10.4
14.4
10.4
With this project in one month I will earn
0 €
After 12 months I will earn
0 €
After 15 months i will earn
0 €
Platform fee
0 €

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Pavyko

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