Ūkio paskola

Gintautas Balkevičius is the owner of a mixed farm, where he raises dairy cows, cattle and grows grain. The farm based in Molėtai region, Alanta town grew over a decade from 20 hectares of land to more than 300 hectares of agricultural land.

Gintautas is willing to acquire a mixer wagon Spirmix Trap Door 180 for 43.000 Eur. In total, the farmer wants to borrow 50.000 Eur and use acquiring Spirmix Trap Door 180 as collateral, as well as two tractors Deutz-Fahr Agrotron 6150 (priced at 63.300 Eur) and Case IH Puma 155 (priced at 42.700 Eur).

Over the last year, this farm earned 95.000 Eur in profit, while in 2018 it got 3.000 Eur loss. Furthermore, the total assets of the farm last year were 484.000 Eur. In comparison, total assets reached 646.000 Eur in 2018.

Interest rates:

• Investing from 100 € - interest 10.2%
• Investing from 1.000 € - interest 10,5%
• Investing from 5.000 € - interest 11%
• Investing from 10.000 € - interest 12,1%
• Investing from 30.000 € - interest 13%

At present, the Platform Operator does not make it possible to transfer claim rights that are acquired by concluding financing transactions through the Platform. (No secondary market)

Purpose of the loan

To purchase new SPIRMIX 180 feed mixer-distributor and to increase working capital.

Project investment return and interest payment

• Start of the loan financing period on the HeavyFinance (Platform Operator) platform: 2020-07-14
  
• End date of the financing period: 2020-07-28, or until the loan is fully financed.
• Investment: from 100 €
• Annual return on investment: from 10.2% to 13%.
• Loan term: 15 months
• Interest on the loan amount is calculated from the date (inclusive) on which the loan amount is paid into the beneficiary's account.
• Interest is paid monthly and the first interest payment is made one month after the loan disbursement date.
• Principal will be paid in the end of the loan term.