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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.
BG0001166
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 54.20 ha | 0.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 17,154.86 € | 18,588.52 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
Ivan Chubrin has started his business in 2015, his farm is located in Dolna Banya , Sofia.
The farmer grows pastures in a 54,2 ha of land. He also owns an agricultural company "Bio Agro Group 13 Ltd" that is ecologically certified and cultivates 9,59 ha (3 ha of raspberries and 6, 59 will be planted with strawberries and raspberries this year). His company is also applying for a loan BG0001151 for working capital.
Now Ivan is seeking for additional 8 500 € under his own name. The purpose of the loan is to further extend his farm.
The risk assessment of this project was carried out with his personal financial information (tax declaration), separating from his company.
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.