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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.
BG0001109
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 158.00 ha | 15.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 259,000.00 € | 336,000.00 € |
| Net profit | 44,600.00 € | -91,300.00 € |
| Equity ratio | 0.54% | - |
Documents
Payment schedule
Established in 2015, the company "Bio Mandra Kamenyak" produces milk and other dairy products from its own cow, sheep, and goat. Currently, the company raises around 1 000 sheep, 300 goats, and 30 cows. Moreover, In a total area of 158 hectares, the company also cultivates 25 hectares of fodder pea, 25 hectares of alfalfa, 20 hectares of millet, 15 hectares of rye, 15 hectares of triticale, and 58 hectares of pasture.
The diversity allows pasture farming and milk production with unique taste qualities. The farm produces dairy products without preservatives, additives, or enhancers just as they were made hundreds of years ago. Its organic products such as cheese, yellow cheese, yoghurt, and butter are sold in the Bulgarian market.
Visit https://biomandra-kamenyak.business.site to find out more about their business.
The company employs 8 people to take care of farm work as well as the production process. They have all the equipment available for working the land, as well as the necessary equipment for raising the animals.
During 10-month of operation in 2022, the company already made €259 K in revenue. Now the company is seeking external finance of 15 000 € for working capital to cover feed 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.