HeavyFinance To Invest 3 Million in Carbon Farming
HeavyFinance is a peer-to-peer lending platform that facilitates asset-backed loans for farmers. By leveraging land, farming equipment, businesses, and government guarantees as collateral, farmers can access funds with which to finance their farms and agri-businesses. According to the platform's statistics page, the Average Loan Amount on HeavyFinance is €30,000, and the Weighted Average Interest Rate in just under 12.5% per annum. That being said, users will find loans for as much as €250,000, and interest rates as high as 30%. The average loan duration is 30 months, and duration is capped at 48 months.The platform originates and manages its own loans, and is regulated by the Bank of Lithuania in accordance with EU laws.
Carbon-Farming and the Fight Against Climate Change
In addition to its lending activities, HeavyFinance is one of the most eco-friendly p2p-lending platforms on the market. In particular, HeavyFinance has devoted its efforts to Carbon Farming. According to the site, "Carbon farming is a regenerative farming practice that involves removing carbon from the atmosphere and storing it in the soil and vegetation. Not only does it help to combat climate change by reducing the amount of carbon in the atmosphere, but it also offers a range of benefits for farmers." HeavyFinance's stated goal is "to remove one gigaton of CO2 emissions by 2050."
HeavyFinance provides free carbon-farming consultations to farmers, and offers zero-interest loans to those willing to adopt the platform's measures. According to the site, HeavyFinance has provided over 400 consultations, and helped convert over 7000 hectares of "no-till land." There are nearly 400 farmers benefiting from HeavyFinance's services. Farmers interested in carbon farming can contact HeavyFinance via the website, by selecting the For Farmers button on the homepage and then selecting Carbon Farming. Those interesting in HeavyFinance's ongoing efforts to combat climate change can select the About Us button and continue to Climate Goals.
€3 Million Toward Carbon Farming
In early 2023, HeavyFinance announced it had successfully completed a round of seed funding through which it raised €3 million toward carbon farming. The announced plans to use the money "to enroll 200,000 hectares of regenerative farmland." According to HeavyFinance co-founder and CEO Laimonas Noreika, "[t]ackling climate change must be a united effort, and with almost a third of global greenhouse emissions coming from agricultural products, HeavyFinance is here to lead the charge in the agricultural sector."
The goal of the operation is to improve soil health through 5 initiatives: first, reducing emissions produced by the heavy machinery used for farming; second, removing Carbon Dioxide (CO2) from the atmosphere by utilizing "biogeochemical pressures of plants"; third, targeting excess use of fertilizer and the resulting Nitrous Oxide (N2O) levels; fourth, encouraging the kind of biodiversity that helps heal the planet; fifth, helping farms develop resiliency to the effects of climate change.
Market Type
Agri-business
Average Returns
12%
Minimum Investment
EUR 100
Signup Bonus
Prizes
Registered users
8000
Total funds invested
EUR 36 Million
Default rate
3%
Regulating entity
European Crowdfunding Service Providers
Buyback guarantee
Secondary market
Payment methods
Paysera, Lemonway
Withdrawal methods
Paysera, Lemonway
HeavyFinance is a peer-to-peer lending and investment platform focusing on the agri-food market. Read this detailed review to learn whether you should add HeavyFinance to your investment portfolio.
Conclusion
HeavyFinance is an excellent peer-to-peer lending platform for big-ticket long-term collateralized investments. In addition, the platform is devoted to implementing real solutions to the ever-increasing dangers of climate change. Whether you're in it for the money, the planet, or both, consider investing on HeavyFinance. You'll enjoy attractive interest rates and profits, while helping farmers throughout Europe and doing your part to reduce global CO2 emissions.