Fully invested

LT0000151, Equipment loan for a new round baler CLAAS ROLLANT 350 RC with National Paying Agency support

Raised:
23 885.00 €
Goal:
23 885.00 €
Loan number
LT0000151
Yearly return rate
11.5 % - 13.5 %
Goal
23 885.00 €
Loan period
31 Months
Risk rating
C
Extra measures
Pledge of assets
Investors
52
Location
Lithuania
Introduction
Detailed Information
Project owner
Project risks
Documents

Secondary market

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Introduction

With this project, we provide the HeavyFinance investor community with an opportunity to invest in the development of the Lithuanian mixed farm. The loan is intended for the purchase of a new round baler CLAAS ROLLANT 350 RC and will be secured by pledging a purchased technical unit.

The farmer, who has 16 years of agricultural experience, cultivates a 136.41 ha mixed farm in the Lazdijai district. Fifty dairy cattle are currently raised on the farm as well as wheat and oilseed rape sown in the most fertile areas.

A couple of tractors, a combine harvester, a rake, and other necessary equipment are used to keep the farm efficient. After receiving the support from the National Paying Agency (NPA), the farmer is planning to purchase a new baler. For this particular project he received a grant of 10.600 €, which will be paid after the final payment of the equipment. For the final implementation of this project, the farmer borrows 23.885 € from the HeavyFinance investor community.

The farmer's HeavyFinance loan portfolio from the previous project is 85.340 €.

Equipment seller: Baltic Agro Machinery, UAB

Area of declared land: 136,41 ha, from which 20 ha is owned by the farmer

Annual interest

  • Investing from 100 € - interest 11,5%
  • Investing from 500 € - interest 12,3%
  • Investing from 1.000 € - interest 13,0%
  • Investing from 2.000 € - interest 13,2%
  • Investing from 5.000 € - interest 13,5%

Detailed Information

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Documents

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Success

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