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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.
-48,398 kg CO2e
BG0001833
| Project owner | Address |
|---|---|
| Rumen Iliev, AGROMAKS 96 Ltd | Village Asparuhovo, municipality Medkovets, region Montana |
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 55.60 ha | 22.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 115,040.67 € | 33,233.97 € |
| Net profit | 26,587.18 € | 289.89 € |
| Equity ratio | 31.23% | - |
Documents
Payment schedule
Established in 2021, Agromaks 96 is a family-owned farming business specializing in wheat, corn, sunflower, and barley cultivation. Committed to growth and efficiency, the company consistently invests in new machinery and technology while expanding its landholdings. Thanks to the increase in farmland in 2021 from 3,4 to 55 ha now, the company shows a revenue of over € 115k in 2022, increased by 246%. The upcoming season will see a substantial increase in cultivated hectares, expanding from 55 to 160, with the introduction of soya and beans into the crop rotation.
In a strategic shift away from conventional farming, over 60% of Agromaks 96's land now employs sustainable practices like no-till, strip-till, and minimum till. This transition reflects a commitment to environmental responsibility.
To facilitate the expansion and ensure a successful upcoming season, the company is seeking working capital for the purchase of seeds and fertilizers. A second-hand combine harvester which was recently purchased will be used as collateral to secure the loan. For extra measures, the company's director and father of the project owner are providing their personal guarantee to secure 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.