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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.
BG0000603
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 1.20 ha | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
BULAGRO INVEST LTD is a small family farm in the village of Fotinovo, Batak Municipality established in 2013. The young farmers have many years of experience in animal husbandry. They raise cattle - a total of 185 cattle and buffaloes for meat. They also grow alfalfa on an area of 1,278 hectares.
The project owner is borrowing 7 500 € to increase the working capital. The funds will be used to make improvements to their farm. The loan will be secured by a pledge on a fodder machine.
This is the farm’s second project on the HeavyFinance platform. The current active balance is 14 264,52 € and the payments are being made on time.
BULAGRO INVEST LTD declares 1,278 hectares of land.
Annual interest - 10%
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.