agriculture_loan

To help a farmer collect funds faster, we offer you to earn even more. When investing, use the promo code Heavy1583 and get 2.00% cashback.

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.