Antanas Krakys has a farm with 81 hectares of land, where he grows summer wheat, winter wheat among other grain crops.

He already has a tractor, seeding-machine and other heavy-duty vehicles. Now, having in mind that combine harvesters are cheapest right after the season, the farmer decided to buy one. He’s acquiring a used combine harvester John Deere 9660 iWTS for €64.130 including VAT. This heavy-duty vehicle was made in 2007.

The farmer seeks to get a loan for full amount for the purchase. To provide more safety to HeavyFinance lenders community, he will use this combine harvester and a tractor Claas Axion 850 (made in 2011) as collateral. independent valuation showed that its' price in the market is €46.000, therefore, loan-to-value ratio is 58%.

According to the balance sheet, in April 2020 the equity ratio of the farm was 83%. Furthermore, it got revenue of €47.000 last year and €45.000 in 2018. The farm has been operating profitably in both 2019 and 2018. Respectively it got €1.400 and €9.500 in profit.

Antanas takes care of the farm together with his family, therefore, he also works as a senior operator at the oil refinery company „Orlen Lietuva“.

Interest rates:

• Investing from 100 € - interest 10,4%
• Investing from 500 € - interest 11%
• Investing from 1 000 € - interest 11,4%
• Investing from 10.000 € - interest 12%
• Investing from 20.000 € - interest 12,5%
• Investing from 30.000 € - interest 13%

Purpose of the loan:

To purchase harvester John Deere 9600 iWTS

Project investment return and interest payment:

• Start of the loan financing period on the HeavyFinance (Platform Operator) platform: 2020-11-27
• End date of the financing period: 2020-12-11, or until the loan is fully financed.
• Investment: from 100 €
• Annual return on investment: up to 13%.
• Loan term: 36 months
• The project owner will repay the principal according to the schedule below: 
• November, 2021 (21 164 Eur)
• November, 2022 (21 376Eur)
• December, 2023 (2 590 Eur)
• The Interest will be paid monthly.