Fully invested

BG0000379, Equipment loan for a used tractor LS Plus 100 XR 50

Raised:
13 328.00 €
Goal:
13 328.00 €
Loan number
BG0000379
Yearly return rate
13.5 %
Goal
13 328.00 €
Loan period
36 Months
Risk rating
C
Extra measures
Pledge of assets, Sole accountability
Investors
48
Location
Bulgaria
Secondary market
Introduction
Detailed Information
Project owner
Project risks
Documents

Secondary market

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Introduction

About the project

An experienced farmer has been producing honey for the past 20 years. He started his beekeeping business in Razgrad district, Golyam Izvor village, Bulgaria, and he still runs it successfully today - he produces 5,5 tons of honey per year. The beekepper transports the collected honey to Germany. The beekeeper constructed his own beehives, and the yield from a single beehive is much higher than usual. He owns approximately 400 beehives.

The farmer owns eight houses with the agricultural land plot, where he keeps the beehives. He also grows vegetables on the land, including potatoes, pumpkins, melons, watermelons, tomatoes, cucumbers, and peppers.

Now, the farmer intends to develop a new beehive design that will allow him to install four beehives on a single pallet - this new strategy will significantly increase the yield of honey and his net profit. To ensure that this process runs smoothly, he requires a tractor for transportation. For the time being, he rents a tractor that is insufficient for the farm's needs. Therefore to implement the goal to expand the technical fleet, the project owner borrows from the HeavyFinance investor community.

Annual interest - 13,5%

Detailed Information

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Project risks

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Documents

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Success

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