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.
BG0002334
Project owner | Address |
---|---|
header_1 | Declared | Owned |
---|---|---|
Farming land | 52.89 ha | 13.70 ha |
2024 | 2023 | |
---|---|---|
Revenue | 83,024.77 € | 21,193.96 € |
Net profit | - | - |
Equity ratio | - | - |
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Stoyanka Todorova has been a farmer since 2006, with her farm located in the Yambol region, and it is ecologically certified. Together with her son, they cultivate 52.89 hectares of wheat, millet, and coriander. Out of this, Stoyanka owns 13.7 hectares of land.
Her son, who operates the business, recently underwent surgery to remove a tumor from his head and is now in recovery. Despite facing financial difficulties during this period, they managed to maintain the farm’s productivity. Stoyanka’s income increased fourfold in 2023 compared to 2022.
To ensure proper preparation for the upcoming farming season, Stoyanka is seeking a loan for working capital. She has previously issued two loans through HeavyFinance, with the first one fully repaid. The remaining loan balance of €29,633 is fully collateralized.
The new loan will be secured by a tractor purchased in 2023, ensuring that Stoyanka is well-equipped for the future growth of her business.
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.