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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.
BG0000985
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 26.00 ha | 6.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 29,000.00 € | 7,500.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
Daniel Dimitrov started engaged in farming sector in 2018 before he decided to register as a company "Dani 234 EOOD" earlier this year of which he is gradually transferred the activity. The family-run company extended his farmland from 19 ha in 2020 to the total cultivated area of 26 ha in 2021 (of which 6 ha are his own land).
The farm is located at Kubrat, Razgrad Province, Northeastern Bulgaria where he grows 12 ha of what, 10 ha of sunflower, 4 ha of corn. The crop productions are being sold to Sempe-2 Ltd, a large retailer in the region. The company has all the necessary equipment for processing without a combine harvester. In addition, the project owner has been receiving the subsidies every year.
Daniel Dimitrov declared the revenue of 29 000 € in 2021 which increased more than 3 folds from 2020. The increase revenue was mainly due to the increase in product prices and the increased in cultivated area.
Now, the company is seeking for external finance to purchase a planter. Part of the loan will also be used to cover the fertilizer costs.
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.