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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.
BG0000889
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 30.00 ha | 4.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 65,445.00 € | 10,308.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
The farmer started working in agriculture in 2006, and now cultivates 30 hectares of land in the Yambol district, Bulgaria. The bigger part of the land is sown mainly with wheat and corn. A part of the farm is dedicated to sunflowers, alfalfa, and meadows. The farmer is also a stockbreeder. Currently, he raises 40 dairy cows and 20 calves on the farm.
The farm runs by the project owner himself, together with family members who also own the farm nearby. The total cultivated area of the family farm is around 70 hectares.
The family has borrowed 2 loans from the HeavyFinance investor community (BG0000253 and BG0000730), and now he is seeking additional finance.
Part of the funds will be used to refinance the loan BG0000253 and the remaining amount is for the renovation of a farm building. The loan is backed by a mortgage on a farm and arable 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.