LT0000998
Finished: fully repaid!
General Information
LENDING
AGRICULTURAL LOAN
HEAVY FINANCE
BB
Monthly
Financial Information
€15,000.00
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€0.00
€5.00
12.50 %
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Important Dates
1157
2022-11-09
2026-01-09
Description
A farmer has been engaged in mixed farming for almost two decades. Although the businessman started his activity from crop production, he expanded his farming operations by acquiring several cattle a decade ago. Now he owns a mixed 73,2 ha farm in Biržai district. Almost half of the agricultural land - 31,62 ha - belongs to him. Currently, the farm cultivates rapeseed, winter wheat, barley, oats, as well as cattle. Out of the 28 cattle kept on the farm, 12 are dairy cows. The rest are beef cattle, as well as heifers. The farmer plans to add another 8 dairy cows to his farm.
The farm's current fleet of heavy machinery consists of several tractors, a sowing machine, a loader, a combine harvester and a dump truck with a manipulator.
To improve the efficiency of the farm, the businessman borrows 15 000 € from the HeavyFinance investors' community. The received funds will be used to purchase small plots of land.
The farmer is already known by the HeavyFinance investor community as he has previously borrowed a loan to renovate the roof of the barn and to purchase more dairy cows. The farmer's first loan has a balance of € 8 291.05 which expected to be fully repaid in December 2022.
Security measures
Sole accountability
Total value of pledged assets €0
