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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.
BG0001069
Project owner | Address |
|---|---|
header_1 | Declared | Owned |
|---|---|---|
| Farming land | 506.52 ha | 30.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 4,195,149.89 € | 2,360,123.32 € |
| Net profit | 361,483.36 € | 68,001.82 € |
| Equity ratio | 17.75% | - |
Documents
Payment schedule
Tsvetomir founded his company Agropol 2014 Ltd. in 2015 with the main focus on crop production in a total area of 506,52 ha
Today the farm is located in the Vratsa district, Mizia municipality. The farmland is cultivated with 236 ha of wheat, 201 ha of sunflower, 31 ha of corn, and 37 ha of rapeseed.
Developing the farm has always been the goal of the company, last year they have extended its farm territory for 300 ha of arable land which helps increase the farm's capacity.
Besides, the company generated an income of over 4 million € in 2021 , almost doubling 2020's income thanks to better crop yields throughout the year and of course the higher capacity.
Agropol 2014 Ltd. is borrowing 51 030 € of working capital to cover the costs of seed, fertiliser and fuel. The loan is secured by a pledge on a SCANIA truck, a tractor and two pieces of attachment.
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.