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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.
BG0000628
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 58.00 ha | 0.00 ha |
| 2020 | 2019 | |
|---|---|---|
| Revenue | 39,760.92 € | 40,924.19 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
About the project
The farmer has been cultivating rented land since 2008 and currently grows wheat on 12 hectares, corn on 29 hectares, oats on 3 hectares, alfalfa on 0.46 hectares, pasture on 4 hectares, and maintains 10 hectares of clean land. He also keeps 46 sheep for milk and is developing a small farm for meat and milk production.
He uses equipment like: tractor, harrow, cultivator, seed drill, sprayer, mower, and combine harvester. The farmer sells his products entirely on the Bulgarian market and has lasting relationships with local breeders.
Over the past 14 years, the farmer has been investing annually in machinery for his farm, with all planting processes being mechanized and marketing being optimized
Now he's in need of working capital in order to prepare for the next business year.
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.