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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.
BG0000949
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 15.00 ha | 5.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 70,887.00 € | 41,208.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
A famous farmer started an organic farm 13 years ago. And we are proud to mention that the farmer won the award for innovation in developing an organic farm, and his extraordinary dedication has even been mentioned on social media. For the realization of the walnut garden, the man was granted by the EU program "Young Farmer".
15 hectares of land are split for different activities: 11 hectares of land dedicated to rose hips, 2,5 hectares for the walnut garden, and in the rest of land grows chokeberries. A farmer makes a profit from rose hips during the off-peak period for walnuts, rose hips not only compensate for the “empty period” but even helps to make a profit.
He has his own equipment for his daily tasks - a tractor, a specialized harvester for rose hips and chokeberries, a plow, a harrow, and many other essential tools. The farmer dries the berries and also makes juices which later are sold on a local Bulgarian market.
A farmer is full of creative ideas, he searches for every opportunity to improve his farming activities. So, he has just applied for a new EU subsidy to acquire new equipment to produce rose hips seed oil. Let’s support this astute businessman with our investments and help him to expand the profitable farm activities.
The farmer has fully repaid his previous loan on the HeavyFinance platform. Now he is looking for additional finance to increase farm's working capital.
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.