Heavy machinery purchase - Forest trailer Palms 8D
Loan ID 324
Target: 23,700
Loan type: Business
Interest rate: 12% p.a.
Term: 12 months
Location: Latvia
Interest payments: Paid every month
Collateral type: Heavy machinery
LTV: 79%
Skin in the game: 21%
Machinery cost: 30,000€
Security: Pledge on heavy machinery
Country: Latvia
Loan ID: 324
Loan originator: Zs Kazeri
Collateral type: Heavy machinery
Loan type: Business
Interest rate p.a.: 12%
Term: 12 months
NEEDED AMOUNT From investors: 23,700 €
Machinery cost: 30,000€
Borrowers skin in the game(downpayment): 21% -6,300€
Loan purpose: To buy a forestry trailer to transport timber from forest to stockpile.
Collateral: Forestry trailer what will be bought in this project.
Pledged collateral amount: 30,000€
Schedule: Interest payments will be paid every month, principal payment will be paid in the end of the loan.
Dear investors we offer to invest in business what is sustainable in Latvia and makes profit. Company which needs investment are offering their services with heavy machinery in Latvia forests, they are carrying out timber like all kinds of pulpwood, lumber and branches for woodchip and they are cutting forest with heavy machinery too. Too expand their business bigger they have need for one more heavy tractor trailer to growth their service capacity. Needed amount of loan is 23,700 euros, interest rate per annum is 12% and loan will be repaid in 12 months. Interest payments will be paid every month and principal payments will be paid in 12 th month of loan.
This loan is backed by pledge of 1 heavy machinery forest tractor trailer and it will be bought for this loan. The current market value of the pledged machinerie is estimated to be 30,000€. The borrower will repay the loan from incoming business revenue.
The borrower will repay the loan from incoming business revenue and subsidy from Latvia rural department. Borrower company name is Zs Kazeri, registration number is 49501000919, address is Cesis district, LV-4116, Latvia , company is registered in 1991 year with already full 32 years of experience in forestry, renewable energy and agriculture production and services.
Loan originator ”Zs Kazeri” is a company what is founded in 1991. year, registration number is 49501000919, this company have a 32 year experience in forestry sector, renewable energy and agriculture, in company works about 50 employees.
Zs Kazeri is a family company what were owned by Viesturs Pogulis who is Livonia platform CEO and founder dad, but he gave this company as legacy in 2015. year to Didzis Pogulis who is Livonia platform CEO and founder.
Zs Kazeri offers services in forestry, energy, production of wood products and buying and selling of forest products for a commission, such as buying, selling, producing and removing timber logs from the forest, felling forests and transporting pulpwood and other timber with timber (trucks) timber to the Latvian sea ports in the cities of Riga, Skulte, Mērsrag, Liepāja, buying forestry products from natural and legal persons and then reselling them to Sweden and Finland.
Company also operates in the agricultural sector and grows many crops, buys land and forests to expand land portfolio in Latvia. Currently, the average interest rate for investors is 12.5% and can reach up to 16% per year when issuing loans with a term of 6 months to 36 months.
All loans issued by loan originator will be secured by collateral, such as a mortgage on land or a pledge on heavy equipment and a variety of available collateral. Keep in mind that this company boasts a perfect track record as it has never had any outstanding or delinquent loans.
In 2022. year Zs Kazeri had 4.2 million euros profit before tax.