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Fully invested

LT0000272, Loan for three technical units with the received NPA support

Raised:
55 320.00 €
Goal:
55 320.00 €
Loan number
LT0000272
Yearly return rate
8.6 % - 10.7 %
Goal
55 320.00 €
Loan period
25 Months
Risk rating
B
Extra measures
Pledge of assets, Sole accountability
Investors
92
Location
Lithuania
Introduction
Detailed Information
Project owner
Project risks
Documents

Secondary market

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Introduction

About the project

This project provides the HeavyFinance investor community an opportunity to invest in the development of a Lithuanian ecological farm. The funding will be used to purchase three new technical units the received with National Paying Agency support.

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 farm's technical fleet consists of four tractors, a combine, a drill, a rake, a cultivator, and other necessary equipment. The farmer now is planning to buy two new semi-trailers and a plow. For the purchase of these technical units, the project owner received support from the NPA, which will be fully absorbed after the submission of the purchase documents to the NPA. This is already the third stage of the NPA project - for the implementation of the first two stages, the farmer borrowed during the LT0000065 and LT0000074 projects. In addition to these loans, the farmer has also borrowed for the purchase of land and farm, therefore the total balance of farmer's loans available is 319.093 €. Loan payments are made on time.

The farmer plans to implement the fourth stage of the NMA support by purchasing the last technical unit - a round baler in September. The estimated loan amount is about 66.000 €.

Area of declared land: 327,27 hectares.

Annual interest

  • Investing from 100 € - interest 8,6%
  • Investing from 500 € - interest 9,3%
  • Investing from 1.000 € - interest 9,6%
  • Investing from 2.000 € - interest 10,1%
  • Investing from 5.000 € - interest 10,3%
  • Investing from 10.000 € - interest 10,7%

Detailed Information

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Documents

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