Project cancelled

LT0000113, Working capital loan backed by 5,1385 ha land and a tractor

Raised:
0.00 €
Goal:
15 000.00 €
Loan number
LT0000113
Yearly return rate
10 % - 12 %
Goal
15 000.00 €
Loan period
19 Months
Risk rating
B
Extra measures
Pledge of assets
Investors
0
Location
Lithuania
Introduction
Detailed Information
Project owner
Project risks
Documents

Secondary market

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Introduction

About the project

With this project, we invite the HeavyFinance investors to fund the development of Lithuanian farm. This loan is intended to supplement working capital and will be backed with three plots of arable land and a used tractor.

The project owner has been developing a crop farm in the Tauragė district for more than two decades. Potatoes and wheat are grown in an area of 61.8 ha.

The farmer owns a combine and two tractors, which are used on the farm. Before the season, the businessman seeks to repair and renew some parts for one of his tractors. To achieve this goal, the farmer borrows 15.000 € from HeavyFinance investors. The loan will be secured by 5.1385 ha of arable land and a used tractor MTZ-82.

Area of declared land: 61,8 ha, from which 40 ha is owned by the farmer.

Annual interest

  • Investing from 100 € - interest 10%
  • Investing from 500 € - interest 10,8%
  • Investing from 1.000 € - interest 11,5%
  • Investing from 2.000 € - interest 11,7%
  • Investing from 5.000 € - interest 12%

Detailed Information

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Project owner

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Project risks

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Documents

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Investments

No investments found.

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Success

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