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.

BG0002586

Goal
49,650 €
Raised
1,700 €
3%
Return rate
From 13.6%
Rating
C+
Period
47
Time left
LTV
70%
Country
Bulgaria
Loan purpose
Refinancing
Business information
Security measures
Loan history
Project owner Address
XXXX Xxxxxxxxxx, XXXXXXXXXX XXXXXXX XXXXXXXXX
Xxxxxxxxxx xxxxxxx, Xxxxxxxxxx Xxxxxxxxxxxx, Xxxxxx Xxxxxx
header_1 Declared Owned
Farming land149.11 ha5.00 ha
20232022
Revenue 134,981.06 € 171,794.07 €
Net profit 6,646.79 € 9,203.25 €
Equity ratio 8.97% -

Investment calculator

Pick one of the suggested or type in your own amount to see interest rate and preliminary earnings.
Interest

13.6%

Preliminary earnings

0.00 €

Important:
The calculator provided is preliminary and the projected earnings are determined based on the preliminary principal repayment schedule.
Interest rates:
Investing from 100 € - 13.6% Investing from 500 € - 14.3% Investing from 1,000 € - 14.6% Investing from 2,000 € - 15.1% Investing from 5,000 € - 15.3% Investing from 10,000 € - 15.7%
Project description
Documents
Payment schedule
“ZKPU Slavyantsi 04” is an agricultural cooperative located in the village of Slavyantsi, Sungurlare municipality, Burgas region, Bulgaria. Established in 2007, the cooperative continues the long-standing agricultural traditions of the region, providing employment and livelihood to the local community.

Currently, the cooperative manages a total area of 149.11 hectares, consisting of 35.36 hectares of vineyards, 4.45 hectares of cherry trees, and the remaining land allocated to grain cultivation, including wheat, sunflower, and alfalfa. The vineyard produce is supplied to a local distillery, which processes it into wines for both export and the domestic market.

In recent years, the cooperative has faced financial challenges due to the loss of sunflower crops for two consecutive years. The hybrid sunflower seeds used were found to have a germination issue, which was discovered too late to mitigate the losses. These difficulties have resulted in delayed loan repayments and an outstanding bank loan secured against agricultural land.

Now, the company is borrowing 20,202 € with the aim to refinance its previous loans with delays and an existing bank loan where the land is pledged. The loan will be secured by agricultural land.

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.