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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.
BG0001079
Project owner | Address |
|---|---|
header_1 | Declared | Owned |
|---|---|---|
| Farming land | 409.41 ha | 20.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 423,721.80 € | 197,581.59 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
Having been engaged in agriculture since 2008, Dimitar Petrov is cultivating a 409-hectare crop farm in Bulgaria's Shumen region where wheat, sunflower barley and corn are grown.
A young ambitious farmer has applied for and won the Rural Development Program "Young Farmer" and received EU subsidies for expanding technical fleet and land under measures 121 and 4.1. Now he and his brother use three tractors, two combine harvesters, a planter, a plough, and a harrow for daily farming activities.
The farmer has recently bought a mil and new equipment this year. Now, the farm lacks working capital to maintain a smooth sowing process, so he is looking for additional capital. The loan will be used to support the farm's expansion and cover seeds and fertilizer costs.
The farmer is already known by the HeavyFinance investor community as he has borrowed a total of 105 040 € from 3 active loans. To date, the businessman has already repaid 71 838 € in principal and investors have earned 10 147 € in interest. The total remaining principal from previous loans is 33 202 €.
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.