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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.
BG0001317
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 140.00 ha | 5.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 136,300.00 € | 114,221.00 € |
| Net profit | 59,270.00 € | - |
| Equity ratio | 27.61% | - |
Documents
Payment schedule
This project provides investors with the opportunity to support a Bulgarian young farmer to further improve his farm.
Alex Kirilov started his farming activities back in 2012 when he inherited the farm from his father. With 10 years of experience and knowledge that passed over from his father, he now cultivates 140 hectares of land of which he owns 5 hectares.
In recent years, 60 hectares of farmland devotes to sunflowers, 50 hectares to wheat and 30 hectares to corn. The businessman also hires 2 seasonal workers to help with his farm work during the busy period.
The businessman previously borrowed 15 000 € with the loan BG0001007 to increase the working capital.
Currently, the farm needs 50 000 € to cover rent as well as fuel costs. The loan will be backed by a pledge of 4 pieces of equipment. Moreover, the project owner's mother is providing her personal guarantee as an extra layer of security to the loan.
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.