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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.
BG0002311
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 45.13 ha | 25.00 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 207,192.73 € | 187,295.66 € |
| Net profit | 82,829.28 € | 74,648.61 € |
| Equity ratio | - | - |
Documents
Payment schedule
We invite you to invest in the organic orchards of Rositsa Kolev, a dedicated farmer based in Sliven, Bulgaria.
Since 2009, Rositsa has cultivated a variety of organic crops, including cherries, plums, walnuts, nurseries for perennial plants, and grains. Together with her spouse, who is also a farmer, they have built a thriving business rooted in sustainable agriculture.
This loan of 36,995 € will support Rositsa in expanding his orchards and further diversifying his crop varieties. The farmer is committed to organic farming practices and building strong partnerships with local companies.
The farmer is eligible to receive the EU subsidy with the minimum amount of € 52,8K from the cultivated hectares which will be used as a security measure for this loan. The subsidy to farmers supported under schemes and measures of the Common Agricultural Policy, including the scheme Single Payment per area from the State Fund Agriculture will be paid to the farmer's account where HeavyFinance has full access to the pledged receivable.
Moreover, her spouse will provide his personal guarantee to secure the loan.
This will be the farmer's second loan on the HeavyFinance platform. Her first loan is almost fully repaid, currently has only 6 322 € of remaining principal left.
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.