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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.
BG0000379
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
An experienced farmer has been producing honey for the past 20 years. He started his beekeeping business in Razgrad district, Golyam Izvor village, Bulgaria, and he still runs it successfully today - he produces 5,5 tons of honey per year. The beekepper transports the collected honey to Germany. The beekeeper constructed his own beehives, and the yield from a single beehive is much higher than usual. He owns approximately 400 beehives.
The farmer owns eight houses with the agricultural land plot, where he keeps the beehives. He also grows vegetables on the land, including potatoes, pumpkins, melons, watermelons, tomatoes, cucumbers, and peppers.
Now, the farmer intends to develop a new beehive design that will allow him to install four beehives on a single pallet - this new strategy will significantly increase the yield of honey and his net profit. To ensure that this process runs smoothly, he requires a tractor for transportation. For the time being, he rents a tractor that is insufficient for the farm's needs. Therefore to implement the goal to expand the technical fleet, the project owner borrows from the HeavyFinance investor community.
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.