Buyers financed €1.8m (£1.5m) of agricultural tasks by HeavyFinance final month.
The capital was unfold throughout 56 totally different loans and brings the entire funding issued to farmers so far to €37.89m, as of the top of Might.
Learn extra: Alternatives in mainland Europe for UK buyers
“We’re joyful to see that the expansion is closely accelerated by new German, French, and Spanish buyers who see agriculture as a fantastic sector to diversify their portfolios and make some actual constructive impression in preventing local weather change,” HeavyFinance mentioned.
Final month, 26 loans had been totally repaid to buyers and 7 had been terminated and totally repaid by HeavyFinance, the agency mentioned in a weblog put up on its web site.
The compensation quantity is rising on a year-on-year foundation, Heavy Finance mentioned. In response to the compensation schedules, 76.2 per cent of loans are being paid on time or have already been repaid.
Learn extra: Agricultural finance platform provides as much as 13pc returns
The Lithuania-headquartered agency carried out an public sale course of, promoting belongings like a Fendt tractor and land plots to be able to get better excellent money owed, together with curiosity, penalties, and different payable quantities.
The full quantity recovered from defaulted loans was €192,000 and was distributed to buyers. Whole recovered funds from defaulted loans now quantities to €874,000.
Learn extra: HeavyFinance sees development in buyers from Germany, France and Spain