Stump milling machinery purchase
Loan ID 338
Target: 25,000
Loan type: Business
Interest rate: 12 % p.a.
Term: 6 months
Location: Latvia
Interest payments: Paid every month
Collateral type: Heavy machinery
LTV: 78%
Skin in the game: 20%
Machinery cost: 32,000€
Security: Pledge on heavy machinery
Country: Latvia
Loan ID: 338
Loan originator: Zs Kazeri
Collateral type: Heavy machinery
Loan type: Business
Interest rate p.a.: 12%
Term: 6 months
NEEDED AMOUNT From investors: 25,000€
Machinery cost: € 32.000
Borrowers skin in the game(down-payment): 20%- 7000€
Loan purpose: To buy a new Stump milling machinery purchase
Collateral: new Stump milling machinery purchase
Pledged collateral amount: 32,000€
Schedule: Interest payments will be paid every month, principal payments will be split on half, and will be paid every 12 months.
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 stump milling machinery to growth their service capacity. Needed amount of loan is 25,000 euros, interest rate per annum is 12% and loan will be repaid in 6 months. Interest payments will be paid every month and principal payments will be paid in 6 th month of loan.
This loan is backed by 1 pledges of excavator that will be bought for this loan. Loan originator is paying down payment of 20 % for this machinery. The current market value of the pledged machinerie is estimated to be 32,000€. 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.