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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.

BG0001544

Goal

6,200 €

Raised

6,200 €

Return rate

15.5%

Rating

C+

Period

Time left

LTV

49%

Country

Bulgarija

Loan purpose

Apyvartinio kapitalo padidinimui

Business information

Security measures

Loan history

Project owner	Address
XXXXXXXX Xxx., Xxxxx Xxxxxxx	Xxxxxx Xxxxxxx Xxxxxx, Xxxxxxxx Xxxxxxx

header_1	Declared	Owned
Farming land	28.00 ha	0.00 ha

	2022	2021
Revenue	16,400.00 €	0.00 €
Net profit	5,100.00 €	-8,200.00 €
Equity ratio	26.03%	-

Project description

Documents

Payment schedule

The Agronaar company has been engaged in animal breeding since 2018. Currently, he is raising 17 cows and 5 calves.29 hectares were rented for feeding the animals. The company has its own barn in an ecologically clean area. In 2022, Agronaar received a certificate for organic production and began selling the production to a certified company. The lack of official income in 2021 is due to the fact that the production was sold without documents. This is the second loan. The first loan amounting to 13,500 euro is being serviced regularly. The money is needed for working capital. The collateral is subsidies guaranteed by the government. It's a family business. The owner's husband is involved as a co-debtor.
Active loans balance: Collateralized - € 0 Uncollateralized - € 13500
Active loans total: € 13500

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.