Agriculture loan

Agriculture loans are tailored to acquire capital for various purposes such as expansion, inventory purchase, equipment acquisition, hiring staff, or to manage day-to-day operational expenses. The terms and conditions of these loans vary depending borrower's creditworthiness, collateral, repayment tenure and other factors.

LT0001855

Goal
15,000 €
Raised
15,000 €
100%
Return rate
14%
Rating
B+
Period
23
Time left
LTV
-
Country
Lithuania
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
Giedrius Pileičikas Sūduvos g. 10, Ilgakiemis, Garliavos apylinkių sen., Kauno raj. sav.
header_1 Declared Owned
Farming land 49.41 ha 3.00 ha
20222021
Revenue 34,427.30 € 36,803.58 €
Net profit - -
Equity ratio - -
Total value of pledged assets

0.00 €

Other Personal liability - -
Read more about security measures here.
Loan number Project goal Outstanding principal Paid interest Status
LT0001855 15,000.00 € 15,000.00 € 523.83 € Active
LT0000054 27,000.00 € 0.00 € 5,966.73 € Repaid
Project description
Documents
Payment schedule
Introducing an interesting and dynamic 49 hectare crop farm in Kaunas district, run by a second-generation farmer together with his father. This activity started in May 2018 with a clear goal to develop an efficient and sustainable agricultural model with an innovative approach. The farm currently grows rapeseed, wheat and barley.

The farm uses the necessary machinery to ensure efficient work - the fleet of equipment consists of a combine harvester, tractor, germinator, sprayer and other smaller implements. This equipment not only enables high quality production, but also ensures optimal land use and resource management.

The entrepreneur is looking to expand further, both by extending his land and by acquiring the necessary new machinery. The farmer is currently borrowing 15 000 EUR from the HeavyFinance investor community for working capital in order to expand his fleet of farm machinery. These funds will be used to purchase fertilisers and essential farm supplies to help meet the farm's ambitious development goals.

In addition, we would like to add that the farmer always pays his obligations on time and has already fully repaid 27 000 EUR that he borrowed from the HeavyFinance investor community (loan number LT0000054). 

This project reflects not only business aspirations, but also family values and passion for agriculture. It is an opportunity to contribute to the development of a modern, sustainable and profitable agricultural model with an innovative approach to agriculture.

Project risks

For this project, there is a risk of losing all the profits made and the funds invested.

In this case, if the Project Owner fails to fulfill its obligations, the Platform Operator will take all necessary measures to protect the interests of investors and use the provided collateral, but the Platform Operator does not guarantee the full fulfillment of the Project Owner's obligations.

Financial agreements are not subject to the insurance protection established by the Law on Insurance of Deposits and Liabilities to Investors of the Republic of Lithuania.

Additional information:

If the project owner does not collect the amounts to be financed, the collected funds will be returned to the funders by transferring them to the account from which they were transferred. The Platform Operator also has the right to offer the Project Owner to reduce the amount to be financed during the Project financing term or to extend the Project financing term. In this case, if the amount to be financed is reduced or the term of financing the Project is extended, it shall in all cases be announced on the Platform and the Fund's financiers shall be informed.