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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.
BG0000333
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
Small farmers aren't the only ones who care about farm growth and process improvement. A farmer who began cultivating his crop farm in 2007, currently manages 262 hectares of land in Bulgaria's Ruse district and has a well-defined plan to improve his farm's operation. The farmer began his agribusiness with leased equipment, but by continually investing in the farm's technical fleet and renovating other facilities, he was able to grow his farm into a steady income-generating business.
The main crops cultivated on the farmland are wheat, corn, sunflower, and barley.
Now, the project owner is looking for additional funding to renovate the farm buildings where the grain is stored, purchase smaller equipment such as sprayers and a plough, and prepare for the winter season in general. A part of the loan will be used to purchase special grain scales. "Now we ask others to weigh our grains in order to determine the exact amount of harvest sold, but in this case, the costs are increased. Having our own grain scales could save us both time and money", claims the project owner. The farmer intends to invest the money saved for the acquisition of new land plots.
Area of declared land: 262 hectares.
Annual interest
- Investing from 100 € - interest 11,2%
- Investing from 500 € - interest 11,9%
- Investing from 1.000 € - interest 12,2%
- Investing from 2.000 € - interest 12,5%
- Investing from 5.000 € - interest 12,7%
- Investing from 10.000 € - interest 12,9%
- Investing from 20.000 € - interest 13,4%
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.