This project provides the HeavyFinance investor community with an opportunity to invest in the equipment loan for a farm, which is based in Mažeikiai district, Lithuania.
The businessman started farming seven years ago and now declares more than 90 hectares of arable land, 25 hectares of which he currently owns. On a mixed farm, the businessman grows more than 20 animals, various plants too.
The project owner already has a tractor and several more heavy-duty vehicles needed on a farm. Furthermore, he is sharing some vehicles with his father, who owns a bigger farm than his son.
However, to prepare for a new farming season and to increase the efficiency of the farm, the businessman decided to purchase the sprayer Amazone UG 3000 Special for 46.585€. You can find more information about this sprayer in the commercial offer provided to the farmer by the company SV technika.
The risk class for this loan provided by the originator is B.
Value of mortgaged property: 46 585€
Loan to current asset value ratio: 58%
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
Farmer Vaidas Krakys
Mažeikių r. sav., Ukrinų k., Taikos g. 30
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.