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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.
BG0001047
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 190.05 ha | 36.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 125,266.51 € | 102,769.67 € |
| Net profit | 8,693.00 € | 19,940.38 € |
| Equity ratio | 5.21% | - |
Documents
Payment schedule
“Slavyantsi” is an agricultural cooperative located in the village of Slavyantsi, Sungurlare municipality, Burgas region, Bulgaria. Established in 2007, the farm is located in the Sungurlar Valley which is nestled in the southern foothills of the Balkans. The region has a long standing tradition for growing grapes and producing wine which Slavyantsi is continuing today.
The cooperative manages the total area of around 190 ha, cultivating 33,35 ha of vineyards, 6,6 ha of cherry trees, 37 ha of wheat and 9 ha of alfalfa. Part of the farmland is also dedicated to residential buildings for the local people.
Now the project owner is borrowing 6 000 € in order to increase the working capital. The funds will mainly be used to purchase fertilisers and seeds. The price of fertilisers has risen sharply in recent months, which has become an unforeseen expense for the cooperative.
The company previously has two loans on the HeavyFinance platform (BG0000595 and BG000743), the current balance is 19 838 €. All instalments have been executed with timely manners.
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.