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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.
BG0001201
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 93.92 ha | 0.30 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 31,529.05 € | 54,661.93 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
Rumyana Kolcheva has been farming for over 11 years and managing her farm in the Vakaral village, Sofia.
The farmer cultivates a total area of 93,92 hectares, a big part of the farm is allocated for pastures. Last year, the farm was planted with sunflowers on 20 hectares of land. This year, the businesswoman plans to cultivate the same 20 hectares of land with spring barley and oats, following the crop rotation practice.
Moreover, the businesswoman has recently secured a lease contract for an additional 20 hectares of land, of which she is going to plant a new orchard with raspberries and strawberries. She is preparing to apply for EU subsidies for her new orchard.
To prepare for the new season, the businesswoman is looking for additional working capital from the HeavyFinance investor community.
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.