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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.
BG0002146
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 1049.78 ha | 190.00 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 1,565,575.74 € | 1,944,954.32 € |
| Net profit | 243,374.94 € | 170,260.20 € |
| Equity ratio | 12.47% | - |
Documents
Payment schedule
Founded in 1990, Erato-SIK-Ivanov, Stancheva & Sadrujenie is an established agricultural enterprise specializing in the cultivation of grain crops such as wheat, triticale, and sunflower, along with the production of roses, lavender, cherries, and plums. Operating on 1155 hectares of land, with 190 hectares owned by the company, they have diversified their operations by integrating a distillery on-site for processing essential oils from their rose and lavender fields.
Dedicated to continuous growth and innovation, the company makes annual investments in modern machinery to improve efficiency and scale. Their achievements have been recognized with the prestigious first prize for Agricultural Company of the Year in 2019. In 2022, Erato-SIK-Ivanov, Stancheva & Sadrujenie generated revenue of nearly €1.94 million, marking a notable 21% increase from the previous year.
To further their development, the company is seeking additional working capital to purchase seeds and fertilizers, as well as to settle the remaining balance on the lease for new machinery, specifically the MASSEY FERGUSON MF7726F wheeled tractor. This tractor will serve as collateral for the loan. The company's current active loan balance stands at €190,876.52, all of which is collateralized.
This loan will support the ongoing operational needs of the company as it continues its path of growth and modernization in Bulgaria’s agricultural sector.
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.