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This project provides HeavyFinance investors with the opportunity to invest in the development of the Lithuanian organic farm. The financing will be used for the purchase of 7 units of agricultural equipment, which will be pledged to secure the loan.
The businesswoman has more than 16 years of experience in agriculture and now successfully manages 93.79 ha of an organic farm in the Rokiškis district. Organic feed for animals, which consists of winter and spring wheat, as well as oats, is grown there. The farm also currently has 50 dairy cattle.
Several tractors, a cultivator, a seeder, a baler, fodder transporters, and other necessary equipment are used on the farm. Most of the machinery has been acquired with European Union funding.
The entrepreneur plans to upgrade the existing units of technical equipment, therefore for this purpose the project owner received support from the National Paying Agency (NPA). The support will cover up to 50% of project costs, therefore it will be fully absorbed after the final purchase of equipment. For the full implementation of the project, the businesswoman borrows 59.440 € from the HeavyFinance investor community. The funds will be used for:
Area of declared land: 93,79 ha, of which 60% is owned by the farmer herself.
Equipment seller: Dotnuva Baltic, UAB
The value of the pledged assets
Value of pledged assets: 116.765 € (The value of all the pledged assets is based on the commercial offers from Dotnuva Baltic, UAB)
Loan to current asset value ratio: 50,91 %
The Interest will be paid monthly.
The Interest is calculated from 16 working days after full loan financing.
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.