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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.
BG0000308
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
Help a new entrant in the agriculture sector to grow! Krisi Agro EOOD is a company founded in 2020 and operating in Varna district, Bulgaria. The company’s main goal is to increase the production of crops, as well as the provision of agricultural services with the owned heavy machinery. The biggest part of the company's land - 42,7 ha - is sown by wheat, and the rest is dedicated to corn.
Now Krisi Agro EOOD is focused on the sowing season and is borrowing to buy fertilizers. The company’s manager says that it is vital to purchase fertilizers as soon as possible since the prices are rising daily, therefore by investing in the project, you can help have a more profitable season.
The loan will be secured by a pledge of combine harvester, which is used in daily farm activities as well as providing services for other farms while earning additional income for the company.
Since the company is operating for less than two full years and does not have a long financial history, the loan will be secured by the additional surety of Ulinics Pharm EOOD, an agricultural company, which is a partner of the borrower.
Area of declared land: 53,7 hectares of rented land
Annual interest - 13,5%
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.