Fully invested

LT0000158, Equipment loan for a used tractor Renault Ares 710RZ

Raised:
26 305.00 €
Goal:
26 305.00 €
Loan number
LT0000158
Yearly return rate
9.5 % - 11.5 %
Goal
26 305.00 €
Loan period
30 Months
Risk rating
A
Extra measures
Pledge of assets
Investors
56
Location
Lithuania
Introduction
Detailed Information
Project owner
Project risks
Documents

Secondary market

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Introduction

This project provides HeavyFinance investor community with an opportunity to invest in an equipment loan for the Lithuanian cattle farm. The farmer will purchase a used tractor „Renault Ares 710RZ“ made in 1999.

This loan is secured by a first-hand mortgage on the purchasing tractor and the one that he already owns (Fendt 312 Vario).

The businessman has been farming for almost two decades and now declares 51 hectares of arable land in Marijampolė district, Lithuania, where he grows beef cattle.

The farmer already has two tractors, a press-wrapper and other smaller instalments. One more tractor will help him to expand his farm and get into the field of growing grain.


Equipment seller: Vilgintos sprendimai, MB

Area of declared land: 51 ha land

Annual interest

  • Investing from 100 € - interest 9,5%
  • Investing from 500 € - interest 10,3%
  • Investing from 1.000 € - interest 11,0%
  • Investing from 2.000 € - interest 11,2%
  • Investing from 5.000 € - interest 11,5%

Detailed Information

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Project owner

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Project risks

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Documents

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Success

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