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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.
BG0000538
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 40.00 ha | 2.00 ha |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
The owner of the project has been farming in Kyustendil region, Bulgaria since 2016. Over the years he has expanded from 23 ha to 40 ha and now owns a mixed farm where he grows plums, peaches and breeds cattle for milk and meat.
The farmer also provides additional services such as mowing and cleaning meadows. That is how he acquires hay, which he sells to other farmers.
The owner of the project provides additional services to other farmers, which gives it the opportunity for extra income. The farmer rents out the following equipment: tractor, disc harrow, seeder, plow, mower, haymaker, balopress and boom sprayer.
Now the project owner is borrowing 16 170 € from the Heavy finance investor community in order to increase the working capital for the upcoming season. The loan will be backed by a pledge on two items of machinery.
Annual interest
- Investing from €100 - interest 10%
- Investing from €500 - interest 10,8%
- Investing from €1,000 - interest 11,5%
- Investing from €2,000 - interest 11,7%
- Investing from €5,000 - interest 12%
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.