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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.
BG0001508
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 75.91 ha | 12.50 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 35,673.57 € | 86,606.21 € |
| Net profit | 15,799.74 € | 19,879.25 € |
| Equity ratio | - | - |
Documents
Payment schedule
With this project, we invite you to contribute to the development of a crop farm in the village of Opalčenci, in the municipality of Bratya Daskalovi.
The farmer, who a year ago decided to restructure his farm and instead of cattle farming, is now farming wheat, sorghum, alfalfa, and grassland.
Currently, the farm manages 75.91 ha of land, of which 12.50 ha is owned. The farmer plans to expand the land under his care and the size of the farm in the near future.
Thanks to funds from the HeavyFinance investor community, the farmer has acquired a harvester earlier this year.
The farmer has already received 3 loans - BG0001362 (19 326 €), BG0001195 (4 000 €), and BG0001070 (11 000 €) from the HeavyFinance investor community, and the current active loan balance is EUR 32 549,13. The payments have been executed on time with zero delays.
Now, the aim is to increase working capital for this year which is why the farmer is seeking for 11 300 €.
The farmer is entitled to receive the state subsidies, which will be paid with a minimum amount of 16 145 €. The principal payments of this loan will be repaid directly from the subsidies amount to be received.
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.