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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.
BG0000499
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 60.00 ha | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
Total Agro 88 Ltd. is one of the oldest potato producers in Bulgaria. It is a family business which was first established as a tobacco company. Total Agro 88 Ltd. has been in this market for more than 30 years and its name is linked to quality produce which is sold in the best Bulgarian market chains. They also sell potato seeds in over 20 agriculture shops in Bulgaria.
Total Agro 88 Ltd. is situated in the village of Banya, very close to the famous Bulgarian winter resort - Bansko. Many of the company’s loyal customers in Bansko are highly established restaurants and hotels.
After years of growth the company expanded its market to Greece where they sell potato seeds to its biggest partner Agromarket Hellas. More than 80 tons of potato seeds are sold each year in the Greek market.
Total Agro 88 Ltd. has its own packaging warehouse where they assemble potato packages of 3, 5 and 10 kg. This latest investment increased the added value of the production. Part of the culture of Total Agro 88 is adhering to sustainability standards and switching to bio-agro production. Some of the fertilisers the company imports directly from the producers in Europe, to decrease the cost for materials.
With this project the company is borrowing 57.661 to update its technical fleet by replacing an old tractor with a new one. The CEO of the company expects this investment help with production even further. The loan will be secured by a pledge on two items of machinery.
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.