This loan is secured by sole accountability from the project owner. Read more about this security measure here.
This project gives HeavyFinance investors the opportunity to invest in the Lithuanian organic farm. The funding will be used to cover the costs related to the sowing of winter rapeseeds.
The businesswoman has already engaged in mixed farming for 15 years and now successfully manages a 147,75 ha organic farm in the Anykščiai district. 85 ha of farmland is covered by organic crops, and the rest is wooded areas and meadows, where beef cattle graze. Now there are 31 beef cattle on the farm's pastures.
The businesswoman is borrowing 10.000 € to cover fuel costs and purchase seeds.
The farm's technical fleet consists of a combine harvester, a tractor, and a trailer for transporting grain. The farmer's current loan portfolio amounts to 121.700 € - the previous loans were dedicated to a new tractor, which was purchased with the received support from the National Paying Agency and to cover some seasonal costs. The loan payments are made on time.
By mid-autumn, the businesswoman plans to increase the number of beef cattle on the farm.
Area of declared land: 147,75 ha