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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.
BG0000919
| Project owner | Address |
|---|---|
| Lyubomir Marinov | Stefanovo village, Lovech district, Lovech municipality, |
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 5.73 ha | 5.73 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 3,912.00 € | 4,469.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
Lyubomir Marinov has been a farmer since 2015. Together with his family he grows vegetables both on the arable land and in his own greenhouses. The farm is located in Stefanovo village, Lovech district, Lovech municipality.
Part of the vegetables are sold freshly to the local market, the rest are preserved by the farmer himself before selling it to local buyers. Near the vegetable gardens, the family built 3 bungalows and renovated a 140-year-old building to create an environment for rural tourism.
The farmer's tax declaration shows a lower amount than his actual revenue for the year, the reason is that most of his revenue are cash based. However, we evaluate the risk based on the information on his official tax declaration.
The amount is needed for expanding and improving the greenhouses in order to increase his yield and capacity in winter season. The farmer provides 3.09 ha of land as a collateral for the loan.
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.