|Project rating||Originator rating|
The risk scoring provided for this project has been assessed by the originator. The risk scoring is of an informative nature only & can not be considered investment advice.
The farmer got granted an individual guarantee of 80% provided by a governmental development institution Agricultural Credit Guarantee Fund.
This project provides the HeavyFinance investor community with an opportunity to invest in the heavy equipment fleet development of the Lithuanian farm. The funds are collected to purchase a used combine harvester Claas Lexion 550 and a new mounted fertilizer spreader ZA-M 1591 Special. The purchased equipment will be pledged to secure the loan.
The farmer has been engaged in farming since 2015, and now she is developing a 149.74 ha crop farm in Pakruojis district. Most of the land is rented, and the farmer herself owns 8 ha. The farm currently grows crops such as wheat, oilseed rape, beans, and peas.
The farm's heavy-equipment fleet consists of two tractors, a combine harvester, a seed drill, and other necessary equipment, which is essential for efficient work. To increase the technical capacity of the farm, the businesswoman borrows 81.980 € from the HeavyFinance investor community. The funds will be used to purchase a used combine harvester, and a new mounted fertilizer spreader. The original value of the heavy equipment is 92.928 € including VAT, therefore part of the funds will be covered by the farmer herself.
The businesswoman had previously borrowed 24.500 € to buy a used Manitou MLT 735 H telescopic loader. Payments for this loan have been made on time.
The entrepreneur has other plans for the further development of the farm - in the future, she plans to acquire more arable land suitable for crop production and expand her agricultural activities.
The risk class for this loan provided by the originator is A.
Value of pledged heavy equipment: 92.928 €
Loan to current asset value ratio: 88.22%
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.