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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.
LT0001863
| Project owner | Address |
|---|---|
| Miroslav Zmitrovič | Vilniaus r., Terešiškių k., Kaštonų g. 23 |
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 22.76 ha | 1.67 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 54,832.58 € | 46,202.38 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
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We invite HeavyFinance community to invest in a loan for crop farm. The farm has been operating for more than 7 years, but was officially registered in 2019. The declared cultivated area is about 22,76 ha and 1,67 ha are owned. The farmer grows cereals.
The farmer has implemented his first NMA project, with the purchase of a tractor and several implements. The plan is to expand the land under management to 30 hectares in the next two years.
The farmer has one active loan on the HeavyFinance platform. Now he's asking HeavyFinance community for a loan, which will be used to pay the long-term land tax and to refinance the existing loan.
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.