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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.
BG0000453
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
Having been engaged in agriculture since 2008, the farmer is cultuvating a 410-hectare crop farm in Bulgaria's Shumen region after recently expanding his farm by another 100 hectares.
A young ambitious farmer has applied and won the Rural Development Program "Young Farmer" and received EU subsidies for the expansion of technical fleet and land. Now he uses three tractors, two combine harvesters, a planter, a plough, and a harrow for daily farming activities.
The farmer has recently bought a new tractor, therefore the farm lacks working capital to maintain a smooth sowing process. The project owner is borrowing from the HeavyFinance investor community to buy fertiliser and seeds. The loan will be secured by a pledge of the newly purchased tractor.
This is not the first loan on the HeavyFinance platform - investors have recently funded 42.530 € to prepare for the sowing season.
Area of declared land: 410 hectares, from which 18 hectares are owned by the project owner.
Annual interest
- Investing from 100 € - interest 12,2%
- Investing from 500 € - interest 12,9%
- Investing from 1.000 € - interest 13,2%
- Investing from 2.000 € - interest 13,5%
- Investing from 5.000 € - interest 13,7%
- Investing from 10.000 € - interest 13,9%
- Investing from 20.000 € - interest 14,4%
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.