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.

BG0001946

Goal
15,000 €
Raised
0 €
0%
Return rate
15%
Rating
B+
Period
17
Time left
LTV
-
Country
Bulgaria
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner
Address
Xxxxxx Xxxx XXXX, Xxxx Xxxxxx
Xxxxx xxxxxxx, Xxxxxx xxxxxx
header_1
Declared
Owned
Farming land162.43 ha30.00 ha
20222021
Revenue 370,175.32 € 285,812.16 €
Net profit 124,243.93 € 0.00 €
Equity ratio 26.86% -
Project description
Documents
Payment schedule
Vileks agro was established in 2014. The company grows 162.43 ha of wheat, sunflower, corn, alfa alfa and 8 ha of peach orchard in the village of Goran, Lovech district. This year, the owner will expand the peach orchard and diversify the business with vegetables and watermelons. In order to irrigate his new plots, he has rented a dam with a long-term contract. The company has switched from conventional farming to minimum tillage. The owner has own machineries - 3 tractors, combine harvesters, planter, harrow, cultivators, etc. Needs floating ( working) capital for seeds, fertilizers . The company has one loan taken from HF and pays the installment almost in a timely manner.
Active loans balance: Collateralized - € 0 Uncollateralized - € 0
Active loans total: € 0

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.