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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.
BG0002396
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 72.66 ha | 4.00 ha |
| 2024 | 2023 | |
|---|---|---|
| Revenue | 73,626.03 € | 58,894.68 € |
| Net profit | 11,760.00 € | 8,958.00 € |
| Equity ratio | - | - |
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Panayot Panayotov, a farmer registered since 2006, operates a growing agricultural business in the Yambol district, Bulgaria. His farm spans 72.66 hectares of land, of which he owns 4 hectares. Panayot raises 75 dairy cows, with the milk produced being sold under a secure contract to a large dairy company. He employs one permanent worker to assist with daily operations.
Panayot’s farm is fully equipped with all necessary machinery for soil cultivation, and he maintains a warehouse for storing fodder. Over the years, he has successfully managed his financial commitments, having already repaid two of his previous loans on HeavyFinance platform. However, he faces challenges due to delayed payments from his dairy partner.
This is Panayot’s sixth loan on the HeavyFinance platform. Currently, he has three loans with an active loan balance of €57 519. With this new loan, he intends to refinance an existing loan BG0000889, which has an outstanding amount of 15 562 €, and allocate additional funds to working capital. After refinancing, his exposure will be 73 557 €.
This will allow him to prepare for the upcoming agricultural season and optimize the timing of his calf sales for better prices.
The loan will be collateralized by his farm, including the land and personal liability of the farmer himself.
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.