Fully invested

LT0000097, Working capital loan backed with a purchase agreement

Raised:
26 500.00 €
Goal:
26 500.00 €
Loan number
LT0000097
Yearly return rate
8.5 % - 10.5 %
Goal
26 500.00 €
Loan period
8 Months
Risk rating
A
Extra measures
Pledge of assets
Investors
60
Location
Lithuania
Secondary market
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 invest in the development of Lithuanian farms. The funds are collected to increase working capital. The loan will be secured by receivables from the sale of the wheat.

The farmer, who has more than two decades of experience in agriculture, is successfully developing a 202.25 ha farm in Pasvalys district. Crops are grown on the farm - most of the area is covered by wheat, as well as rapeseed, and beans are sown on the farm.

To prepare for this season, the entrepreneur is borrowing 26.500 € to increase working capital.

The farm's heavy equipment fleet currently consists of four tractors, a combine, five trailers, and other equipment needed for harvest preparation. In the near future, the businessman is planning to purchase an additional tractor and expand the variety of crops grown.

Area of declared land: 202.25 ha, of which 23 ha is owned by the farmer.

Anual 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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Success

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