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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.
BG0001632
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 20.52 ha | 0.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 52,663.06 € | 43,459.81 € |
| Net profit | 28,632.35 € | 33,745.26 € |
| Equity ratio | 51.46% | - |
Documents
Payment schedule
Krisi Agro EOOD is a company founded in 2020 and operating in Varna district, Bulgaria. The company’s main goal is to increase the production of crops, as well as the provision of agricultural services with the owned heavy machinery. The 20,52 ha of land has been cultivated with wheat and sunflower this year.
The loan will be secured by a pledge of three pieces of attachment, which is used in daily farm activities as well as providing services for other farms while earning additional income for the company.
Moreover, the director of the company is providing his personal guarantee as an extra measure to secure the loan.
Krisi Agro EOOD is already known by the HeavyFinance investors via their previous loan BG0000308 which they borrowed 14 316 €. Today, the active principal amount is 5 525.70 €. Despite the delayed payments in the past, the company has now caught up with the scheduled payment with no current delays.
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.