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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.
BG0000591
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
The owner of the project has been a registered farmer since 2015. In Kalitinovo village, Bulgaria she is running a farm with 185 sheep and 196 goats. She produces both meat and dairy products and takes care of the farm with the help of her family.
The project owner sells the dairy products both to restaurants and retail customers, the famous Bulgarian restaurant chain HAPPY prefers their goat cheese over many other suppliers. Their kid and lamb meat is also sold in various butcher shops and is available in various chain stores, including LIDL.
Now the project owner is planning to build a new barn for the animals. For this purpose she is borrowing 26 880 € from the HeavyFinance investor community. Regarding the security measures the farmer quotes “We trust in our strength and our idea to develop the farm so much that we are willing to pledge our own home and the land we have to execute our idea and grow our family business.”
Annual interest
- Investing from 100 € - interest 12%
- Investing from 500 € - interest 12,8%
- Investing from 1 000 € - interest 13,5%
- Investing from 2 000 € - interest 13,7%
- Investing from 5 000 € - interest 14%
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.