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.

BG0002244

Goal
15,000 €
Raised
15,000 €
100%
Return rate
15%

Rating
B+

Period
12

Time left

LTV
-

Country
Bulgaria

Loan purpose
Working capital

Business information
Security measures
Loan history
Project owner Address
XXXXXXXX & XXXXX Xxx., Xxxxxx Xxxxxxxx Xxxxx
Xxxxx Xxxxx, Xxxxxxxxxxx xxxxxx
header_1 Declared Owned
Farming land28.66 ha5.90 ha
20232022
Revenue 120,994.16 € 121,176.18 €
Net profit 46,527.56 € 82,829.28 €
Equity ratio 33.61% -
Project description
Documents
Payment schedule

Plamen established his company in 2009, together with Dimitar. Since then, they have successfully applied for and won subsidies from the EU's Rural Development Program to create and expand their ecological farming operations through investments in land and machinery. Their farm, located in the Targovishte region, is ecologically certified and cultivates plum and cherry orchards, as well as hazelnut and walnut trees.


This year, Plamen and Dimitar won two additional projects aimed at improving their farm's efficiency and output. Their company currently operates a diversified farm and has consistently met its financial obligations with a timely manner, including with four previous loans. One of their earlier projects is fully repaid. Currently, their active loan balance is €42,559.

Now, Plamen is seeking a fifth loan to secure working capital to purchase fertilizers, which are vital for their ongoing operations. The second-lien mortgage on the farm's equipment which was the primary collateral for the loan BG0000745 (the remaining balance of  3 939 €) as additional security 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.