This loan is secured by sole accountability from the project owner. Read more about this security measure here.
This project provides the HeavyFinance investor community an opportunity to invest in the development of a Lithuanian ecological farm. The funding will be used for winter wheat sowing, which will begin in two weeks.
The farmer, who started farming 13 years ago, successfully manages 327.27 hectares of a mixed organic farm in Anykščiai district. On the farm, half of the land is occupied by grain crops, and the rest is cattle. Currently, the farmer has 2 bulls, 65 cows, and about 50 young calves and heifers. Farming traditions are also cherished by the farmer's family - the farmer's mother has about 180 hectares of land and his wife has 125 hectares. The family supervises the entire managed area of land jointly.
The farmer has already successfully borrowed from the HeavyFinance community for the purchase of new equipment with the support of the National Paying Agency and the acquisition of land. The farmer's active loan balance on the HeavyFinance platform is 156.093 € with no delay in payments. The newest businessman's project has also collected 153.000 € funding for the purchase of the farm complex with an 80% guarantee from the Agricultural Credit Guarantee Fund. This loan has not yet been paid for the farmer and is expected to be disbursed within two weeks.
Four tractors, a harvester, a drill, a rake, a cultivator, and other necessary machinery are currently used on the farm.