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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.
BG0001116
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 1.00 ha | 1.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 31,200.00 € | 105,600.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
Ilian Kodinov has been registered as a farmer for 15 years. The farmer manages his farm together with his wife, raising 126 dairy cows.
The businessman has secured the purchase agreements with "Bor-Chor dairy", a Bulgarian manufacturer of high-quality dairy products. Besides, he also keeps part of their milk production to make cheese, yellow cheese, and butter and sell it themselves.
The animals are raised in their own barn equipped with all the necessary equipment. To help with daily farm work, they employ two permanent workers.
Now the businessman is borrowing 9 000 € to purchase more feed, which will be purchased from a certified producer.
In 2021, the farmer received part of the revenue in cash which was not declared in the tax declaration and was not included in the creditworthiness assessment.
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.