Risk rating
Months
30
LTV
-
Goal
€12 000
Raised
€12 000
100%

Risk rating

30

Months

-

LTV

Goal:

€12 000

Raised:

€12 000

100%

Annual interest

Investing from €100 17.00%

Business information

Declared land, ha 190.05
Owned land, ha 36.00
Revenue
2021 €125 266
2020 €102 769
Net profit
2021 €12 271
2020 €19 940
Equity ratio
2021 5%

Security measures

Type Subtype Description Value Manufacture year Area size Valuation method
Other Personal surety of company's director
Total value of pledged assets €0
Summary
Loan history

About the project

“Slavyantsi” is an agricultural cooperative located in the village of Slavyantsi, Sungurlare municipality, Burgas region, Bulgaria. Established in 2007 the farm is located in the Sungurlar Valley which is nestled in the southern foothills of the Balkans. The region has a long standing tradition for growing grapes and producing wine which Slavyantsi is continuing today.

The cooperative cultivated 33,34 ha of vineyards, 6,6 ha of cherry trees, 37 ha of wheat and 9 ha of alfa-alfa. Part of the farmland is also dedicated to residential buildings for the local people. Total declared land is 190,05 ha.

Now the project owner is borrowing 12 000 € in order to increase the working capital to improve their farm with more ecological, but expensive quality products.. The funds will mainly be used to purchase fertilisers and prepare for the upcoming season. The price of fertilisers has risen sharply in recent months, which has become an unforeseen expense for the cooperative.

The company previously has one project on the HeavyFinance platform (BG0000595), the current balance is 10 390 €. All instalments have been executed on time.

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.

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