Summary

The borrower has already engaged in farming for 17 years and now successfully manages a 158,63 ha farm in Kelmė district. The land of the farm is dominated by maize. The farmer is also planning to sow grain.

The current farm’s heavy equipment fleet consists of two tractors, a drill, a cultivator, a plough, and other necessary equipment for harvest preparation.

Last year, HeavyFinance community helped the farmer acquire a set of center-mounted mowers. The loan is now fully repaid.

Additionally, the farmer has borrowed 10 000 € to increase the farm's working capital. The active balance is 7 642,55 €, all instalments have been executed on time.

Now, the project owner is seeking to borrow 111 804 € for a purchase of the Case IH Puma 220 in which will help increase farm's productivity.

The loan will be backed by the tractor itself.