This project provides the HeavyFinance investor community with an opportunity to invest in the development of the Lithuanian organic farm. The collected funds will be used to purchase a new tractor Massey Ferguson MF7719S. The loan will be secured by a first-rank mortgage on the purchased equipment.
The businesswoman has already engaged in mixed farming for 15 years and now successfully manages a 147,75 ha organic farm in the Anykščiai district. 85 ha of farmland is covered by organic crops, and the rest is wooded areas and meadows, where beef cattle graze. Now there are 31 beef cattle on the farm's pastures.
With the start of the season's preparations, the farmer aims to purchase a new Massey Ferguson MF7719S tractor to maintain the farm’s efficiency. 30% of the tractor’s value will be covered by the farmer herself and the remaining 95.700 € she is planning to borrow from the HeavyFinance investor community. To finance the tractor, the farmer has already received the National Paying Agency (NPA) support, which will reimburse up to 50.000€ of the total eligible costs of the project. The project owner will receive support after submitting the equipment acquisition documents to the NPA.
The current heavy-equipment fleet of the farm consists of a combine harvester, which was also purchased with NPA support, and a trailer for transporting grain.
The development plans of the farm do not stop at the purchase of new equipment - this month the farmer plans to acquire a 7.09 ha plot of land and to increase the number of beef cattle by mid-autumn.
The risk class for this loan provided by the originator is B.
Value of pledged heavy equipment: 136.730 €
Loan to current asset value ratio: 70 %
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.