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.
BG0000269
Project owner | Address |
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header_1 | Declared | Owned |
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Farming land | - | - |
2020 | 2019 | |
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Revenue | 227,846.66 € | 125,840.42 € |
Net profit | - | - |
Equity ratio | - | - |
About the project
With this project, we invite you to invest in the development of orchards in Sliven, Bulgaria. The farmer has been engaged in plum and cherries plating since 2005 and now manages 50 hectares of orchards. The project owner participates in various projects for organic farming. Her goal is to build strong bonds with Bulgarian companies and sell her production to them. She is successfully implementing it and now has several sale contracts with some Bulgarian retailers.
Now the farmer is borrowing 43.000 €, which will be used for planting plums and cherries as well as expanding the variety of them.
Annual interest - 11,5%
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.