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Agriculture loan
Agriculture loans are tailored to acquire capital for various purposes such as expansion, inventory purchase, equipment acquisition, hiring staff, or to manage day-to-day operational expenses. The terms and conditions of these loans vary depending borrower's creditworthiness, collateral, repayment tenure and other factors.
BG0000057
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
This project provides the HeavyFinance investor community with an opportunity to invest in a heavy equipment loan, secured by a first hand mortgage on a van Mercedes Benz 210 Cdi Sprinter.
The Bulgarian company Kamenno Bordo was established in 2006 as an agricultural wholesaler. The company is engaged in the wholesale of various types of medicinal and aromatic herbs like chamomile, balm, linden, etc. Those herbs are wild-harvested in the mountain area. The company also owns 9 hectares of agricultural land in Debnevo, Bulgaria, where there is a small organic apple and walnut orchard.
In 2020 Kamenno bardo launched an online store and therefore now the company needs to purchase a light commercial vehicle to increase its' capabilities in logistics. The received funds will be used to purchase a Mercedes Benz 210 Cdi Sprinter van.
The current company’s technical fleet consists of a tractor, a mower, and a compact crossover SUV.
The loan will be issued in euro and paid back in euro as well. Bulgarian currency lev (BGN) is pegged to EUR since its launch in 1999, at a fixed rate of 1 EUR = BGN 1.95583
Interest:
Fixed annual interest rate - 10%
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.