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Fully invested

LT0000109, Working capital loan backed by receivables from the sale of crops

Raised:
25 000.00 €
Goal:
25 000.00 €
Loan number
LT0000109
Yearly return rate
8.5 % - 10.5 %
Goal
25 000.00 €
Loan period
8 Months
Risk rating
A
Extra measures
Pledge of assets
Investors
45
Location
Lithuania
Introduction
Detailed Information
Project owner
Project risks
Documents

Secondary market

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Introduction

About project

This project provides the HeavyFinance investor community with an opportunity to finance a Lithuanian crops farm. The collected funds will increase the farm's working capital. The loan will be secured by receivables from the sale of the rapeseed.

The project owner has almost two decades of experience in the agriculture sector. She is developing a 308.8 ha farm in Panevėžys district, where spring and winter wheat, rapeseed, and peas are grown here.

The farm's heavy equipment fleet currently consists of three tractors, a sprayer, a cultivator, a drill, a combine, and other equipment necessary for maintaining the successful farm. For a complete preparation for the upcoming season, the businesswoman aims to borrow 25.000 € to increase working capital. The funds raised will be used to purchase tractor parts, fortifications for the storage of oilseed rape, and to cover fuel costs.

The farm's financial statements show that in 2019 the farm did not make any profit. The unfavorable situation was due to the infertile season. However, the financial results of 2020 show that the farm has recovered - last year the profit reached almost 130.000 €.

The entrepreneur already has further plans for the development of the farm - she plans to renovate the grain dryer and buy a spreader.

Area of declared land: 308,8 ha

Annual interest

  • Investing from 100 € - interest 8,5%
  • Investing from 500 € - interest 9,3%
  • Investing from 1.000 € - interest 10%
  • Investing from 2.000 € - interest 10,2%
  • Investing from 5.000 € - interest 10,5%

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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