This project provides the HeavyFinance investor community with an opportunity to invest in a heavy equipment loan, secured by a first hand mortgage on a van Mercedes Benz 210 Cdi Sprinter.
The Bulgarian company Kamenno Bordo was established in 2006 as an agricultural wholesaler. The company is engaged in the wholesale of various types of medicinal and aromatic herbs like chamomile, balm, linden, etc. Those herbs are wild-harvested in the mountain area. The company also owns 9 hectares of agricultural land in Debnevo, Bulgaria, where there is a small organic apple and walnut orchard.
In 2020 Kamenno bardo launched an online store and therefore now the company needs to purchase a light commercial vehicle to increase its' capabilities in logistics. The received funds will be used to purchase a Mercedes Benz 210 Cdi Sprinter van.
The current company’s technical fleet consists of a tractor, a mower, and a compact crossover SUV.
The loan will be issued in euro and paid back in euro as well. Bulgarian currency lev (BGN) is pegged to EUR since its launch in 1999, at a fixed rate of 1 EUR = BGN 1.95583
Fixed annual interest rate - 10%