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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.
BG0001583
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 0.00 ha | 0.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 2,698,598.55 € | 2,160,719.49 € |
| Net profit | 216,787.76 € | -242,352.35 € |
| Equity ratio | 27.73% | - |
Documents
Payment schedule
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Invest in the development of the agricultural company with a solid track record.
MIZ Ltd. founded in 2009 by a family of farmers, is now proud to be one of Europe's leading exporters of duck meat products with main focuses on duck breeding and duck liver production. The majority of the company's products are exported to France, Italy, Japan, and Spain.
However, the company experienced a loss in the year 2021 when one of its biggest markets, France, implemented new import regulations, making it impossible for the company to supply local restaurants with duck meat. The loss was also affected by lower demand for duck in the catering sector across all the markets as a result of the pandemic. Nonetheless, the revenue of the following year increased by 25% to almost € 2,7M and generated a profit of €216K in 2022.
The HeavyFinance investor community has already contributed to the development of this company through its previous loan BG0000368 with the loan amount of € 87 500 and the active loan balance is € 55 236.
With the money from this loan, the company is aiming to refinance a bank's loan with a total amount of € 71 508,58. The remaining amount will be used as working capital.
The loan will be backed by a pledge of the duck farm with a total area of 35 557 sq.m. and well as the personal guarantee from the company's director.
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.