LT0001140
Closed for investment
General Information
LENDING
AGRICULTURAL LOAN
HEAVY FINANCE
BB
Monthly
Financial Information
€9,000.00
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€0.00
€5.00
14.50 %
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Important Dates
1065
2023-01-06
2025-12-06
Description
A young farmer established a mixed farm in Utena district in 2022.
She immediately applied to the NMA for support to start a young farm and concluded a contract for the use of a 2.31 ha plot of land.
The farmer plans to grow mushrooms, vegetables and set up a bee farm. Following the approval of the project, the farmer was awarded a grant of EUR 38 400 for the purchase of a tractor and implements.
She is now approaching the Heavy Finance community of investors to help her with this project and to provide an additional loan of EUR 9 000. It is worth mentioning that the farmer has a considerable experience in farm management, as her husband has been running a mixed farm since 2014, and agrees to guarantee the project. The man has declared an income of EUR 23 525,87 in 2021 and EUR 16 291,19 in 2020. He is also borrowing from Heavy Finance and has two loans which are being paid without delay.
Business information
Declared land, ha 2.31
Owned land, ha 0
Revenue 2021 €15,979
Revenue 2020 €14,157
Security measures
Sole accountability
Personal surety Vaidas Gaučys
