Create an account to make your first investment in only few steps!
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.
BG0001645
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 64.60 ha | 2.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 33,000.00 € | 30,180.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
Momchil Penev has been registered as a farmer since 2017. His main activity is breeding horses from an endangered species, as part of a European program for the conservation of endangered species.
Currently, he has 85 horses and 65 hectares of meadows. Every year, he receives state subsidies for the land and for the animals raised.
The farmer is now looking for working capital, which he will use to purchase his horses' feed. To secure the loan, his wife is also providing her personal guarantee as an extra measure.
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.