This loan is secured by sole accountability from the project owner. Read more about this security measure here.
This project is aimed to collect funds for the development of Lithuanian crops farm. The farmer has been engaged in crop production since 2003. She grows wheat and oilseed rape on her farm in the Šakiai district. The farm’s heavy machinery fleet consists of a tractor, a combine harvester, and other smaller agricultural implements. The project owner is borrowing for the purchase of a tractor trailer.
Besides, the farmer has more goals for 2021. She is planning to increase the farmland to 125 ha and start sowing beans.
This is not the first project owner's loan on the HeavyFinance platform - the farmer has recently borrowed 64.920 € to purchase a used tractor trailer. The loan payments are made on time.
Area of declared land: 118,95 ha, from which 34,3 ha is owned by the farmer.