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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.
BG0002380
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 61.58 ha | 6.00 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 41,260.00 € | 58,484.00 € |
| Net profit | 10,115.13 € | 23,519.43 € |
| Equity ratio | 58.24% | - |
Documents
Payment schedule
With this project, we invite you to invest in a growing grain farm located in North-West Bulgaria. The loan is intended to purchase a second-hand tractor, which will be pledged to secure your investments.
The farmer, the owner of Bulferme, has been cultivating his own land since 2021. With each passing year, he expands his operations and currently manages 61.58 hectares of land, sown primarily with wheat, corn, and pastures. His ambition and dedication have been supported by the HeavyFinance investor community, allowing him to purchase a harvester in the past and significantly increase his cultivated area.
The farmer has a successful history with HeavyFinance, with two previous loans fully repaid on time. Now, this new loan will enable him to acquire additional equipment essential for his farm's growth and sustainability.
The project owner is borrowing funds to purchase a second-hand tractor. This equipment will not only support his own agricultural needs but also allow him to offer contract farming services to other local farmers, further enhancing his income streams.
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.