This project provides the HeavyFinance investor community with an opportunity to invest in a working capital loan, secured by a first-hand mortgage on a Peugeot 307. The received funds will be used to expand the winemaking business in the famous Douro Region, Portugal.
A businessman has his own vineyards in the Douro River region, which is originally considered a wine region. In this place, the winemaker produces Vinho Verde, Port, and table wine.
The businessman has developed a winemaking business by himself from the very beginning. Now he takes care of his winery and is constantly looking for new ways to improve it. Last season the winemaker made 45 casks of wine and also sold the grown grapes to other wine brands.
Now the winemaker is planning to expand his business - he will grow a new 3 ha vineyard in the same region. It is a long-term plan because it will take 3 years for the first harvest in the new vineyard and several years more to fully develop it. To make some improvements in his vineyards, the winemaker is borrowing from the HeavyFinance investor community 10.000€ to increase working capital. The collected funds will be used to do some upgrade works to the warehouse and wine storage facilities.
This is a pilot project from Portugal listed on HeavyFinance platform aiming to test and ensure the smoothness of legal processes required to secure loans by the first-hand mortgage on assets. Consequently, we decided to decrease the risk for this investment by participating in securing the loan. 2.490 € will be secured by a first-rank mortgage on farmers' car Peugeot 307 (made in 2002) and HeavyFinance will cover potential losses and promised returns in case of loan default.
Fixed annual interest rate - 11%