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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.
BG0002407
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 432.68 ha | 40.00 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 619,852.02 € | 694,616.37 € |
| Net profit | 35,860.00 € | 156,858.00 € |
| Equity ratio | - | - |
Documents
Payment schedule
Dimitar Petrov, a dedicated farmer since 2008, manages a 432-hectare crop farm in Bulgaria’s Shumen region, cultivating wheat, sunflower, barley, maize, and vegetables. Over the years, he has consistently expanded his operations with support from the Rural Development Programme "Young Farmer" and EU subsidies under measures 121 and 4.1. Together with his brother, Dimitar has invested building a robust technical fleet, including tractors, combine harvesters, a planter, a plough, and a harrow, ensuring the farm’s efficiency.
Recently, Dimitar has purchased a mill and additional equipment to enhance productivity. However, to sustain and grow the farm, he now requires working capital to cover essential costs such as seeds and fertilizers.
Dimitar is a familiar and reliable borrower within the HeavyFinance investor community, having taken out four loans to date. Three of these loans have been fully repaid, and he has consistently met repayment schedules. The total remaining principal from his current loan is 7 216 € which he aims to refinance with this loan. The remaining amount will be allocated for working capital. As collateral for this loan, Dimitar will pledge a harvester, reinforcing his commitment to meeting his obligations.
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.