This project provides the HeavyFinance investor community with an opportunity to invest in the heavy-equipment fleet development of the Lithuanian farm. The collected funds will be used to purchase a new round baler GOWEIL G1 F125. The purchased equipment will be pledged to secure the loan.
Six years ago, after completing the training of young farmers, the businesswoman started to develop a 129.86 ha mixed farm in the Telšiai district. Almost all available land is rented, 1.75 ha - owned by the farmer herself. The woman currently grows crops, like oilseed rape, barley, wheat, hemp seeds. The part of the farm's land is used for grass seed production, and the rest is used for meadows, where 20 breeding heifers graze.
The farm's technical fleet consists of grain drying equipment and an oil press. Before the upcoming season, the farmer plans to purchase a new round baler-wrapper GOWEIL G1 F125. The entrepreneur will purchase this piece of heavy equipment for 81.433 € from the agricultural machinery sales company AGROTEKA. To implement this project, the businesswoman borrows 48.658 € from the HeavyFinance investor community. For the purchase of the wrapper, the farmer has received support from the National Paying Agency (NPA), which will reimburse a part of the press price - 31.775 €. This is the first stage of the received support - the farmer will use the received second stage NMA support in the future to purchase a semi-trailer and a mounted rotary disc mower.
The farmer's future plans are not limited to the expansion of heavy-equipment - in the future, she will continue to develop the field of animal husbandry and purchase new breeding heifers.
The risk class for this loan provided by the originator is B.
Value of mortgaged property: 81.433 €
Loan to current asset value ratio: 59,75%
Total farm income
The Interest will be paid monthly.
The Interest is calculated from the date on which the loan amount is paid.
Minimum loan term: 4 months
If the project owner does not collect the amounts to be financed, the collected funds will be returned to the funders by transferring them to the account from which they were transferred. The Platform Operator also has the right to offer the Project Owner to reduce the amount to be financed during the Project financing term or to extend the Project financing term. In this case, if the amount to be financed is reduced or the term of financing the Project is extended, it shall in all cases be announced on the Platform and the Fund's financiers shall be informed.