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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.
BG0000730
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 30.00 ha | 4.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 65,445.36 € | 10,308.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
About the project
The farmer started working in agriculture in 2006, now cultivates 30 hectares of land in Yambol district, Bulgaria. The bigger part of the land is sown mainly with wheat and corn. A part of the farm is dedicated to sunflowers, alfalfa, and meadows. The farmer is also a stockbreeder and raises 39 buffaloes and 60 dairy cows on the farm.
Together with family members, the family farm cultivates a total of around 70 hectares of land.
This is not the family's first loan with HeavyFinance, they have previously borrowed 18 000 € (BG0000253). The current loan balance is 14 490 €.
Now the borrower is seeking to borrow 15 500 € for the farm's working capital that will help with fertilizers and seeds costs
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.