Risk rating
Months
22
LTV
-
Goal
€7 500
Raised
€7 500
100%

Risk rating

22

Months

-

LTV

Goal:

€7 500

Raised:

€7 500

100%

Annual interest

Investing from €100 15.50%

Business information

Declared land, ha 0.14
Owned land, ha 0.12
Revenue
2021 €20 579
2020 €9 305

Security measures

Type Subtype Description Value Manufacture year Area size Valuation method
Other Sole accountability
Other Personal surety
Total value of pledged assets €0
Summary
Loan history
Luchezar Suvandzhiev is a young farmer since 2019 He has his own greenhouse to cultivate decorative flowers and at the moment he grows pot plants for sale. The greenhouse is located in Draganovo village, Veliko Tarnovo region, Municipality of Gorna Oryahovitsa. Тhe amount is needed as working capital to renovating and improving the greenhouse in order to increase his yield and capacity in winter season. We already have active loan contracts with him (BG0000524; BG0000406) one of them with real estate as a collateral. The loans are paid regularly.

Project risks

For this project, there is a risk of losing all the profits made and the funds invested.

In this case, if the Project Owner fails to fulfill its obligations, the Platform Operator will take all necessary measures to protect the interests of investors and use the provided collateral, but the Platform Operator does not guarantee the full fulfillment of the Project Owner's obligations.

Financial agreements are not subject to the insurance protection established by the Law on Insurance of Deposits and Liabilities to Investors of the Republic of Lithuania.

Additional information:

If the project owner does not collect the amounts to be financed, the collected funds will be returned to the funders by transferring them to the account from which they were transferred. The Platform Operator also has the right to offer the Project Owner to reduce the amount to be financed during the Project financing term or to extend the Project financing term. In this case, if the amount to be financed is reduced or the term of financing the Project is extended, it shall in all cases be announced on the Platform and the Fund's financiers shall be informed.

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