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.
BG0002422
Project owner | Address |
---|---|
header_1 | Declared | Owned |
---|---|---|
Farming land | 0.00 ha | 0.00 ha |
2023 | 2022 | |
---|---|---|
Revenue | 41,820.00 € | 25,650.00 € |
Net profit | - | - |
Equity ratio | - | - |
Investment calculator
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Shenuray Matem, a dedicated farmer, established his dairy business in 2019. Over the years, he has steadily grown his operations and now manages a farm with 31 livestock in Bradvari village, Silistra.
Shenuray is committed to further expanding his business and requires working capital to achieve this goal.
The farmer is eligible to receive the EU subsidy which will be used as a security measure for this loan. To secure the loan, he offers a collateral annual subsidy for the next three years. The subsidy to farmers supported under schemes and measures of the Common Agricultural Policy, will be paid to the farmer's account where HeavyFinance has full access and also to the pledged receivable.
This marks Shenuray's first loan request, demonstrating his ambition to scale his farm sustainably.
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.