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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 equipment loan for a Lithuanian farm purchasing a used tractor Fendt 820 Vario TMS made in 2010.
The company Agronera, founded five years ago by a family of farmers, currently manages 79 hectares of arable land in Telšiai district. Crops are grown on the farm and with the farm’s equipment, the company also provides services to other farms.
The firm already has a combine harvester, sprayer and other important pieces of equipment. However, after purchasing more land, the company decided to also buy a tractor.
HeavyFinance investor community already had opportunities to invest in loans for this company. Agronera has been paying the principal amount and the interest on time.
Loan to current asset value ratio: 83%
The project owner will repay the principal according to the schedule below:
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.