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Silviculture and other forestry activities
100% Funded

100%
Need:0.00€
Interest rate:25%
Period:14 months
Target: 13 090€
Opens: 2020/04/28
Expires: 2020/05/15
Type: SME
Location: Estonia
Investments: 90

Summary

The company was established in year 2016 and for 4 years has been running its operations in forest management. The company was started and in the beginning was run by only one person, but it now has grown it to a bigger team that takes care of the full spectrum of the operations. This is rather small, but a stable Estonian company, which is dealing with silviculture and other forestry-related activities.

The company’s profit has been constantly growing and therefore it is in need of further development. The Revenue reported in 2018 has been 164 176 EUR. 

This is the portfolio of already issued loans by Monify, which are ceded to CROWDESTOR SPV “CR-12”.

These selected customers were scored by Monify, and since the loan disbursement had been paying in accordance with payment graphs, and also did not have any COVID-19 impact and thus were not restructured/prolonged.

Legally, ceding means that from this deal, all claim rights will be transferred from Monify to CROWDESTOR SPV, and all interest and principal will be paid by borrower to CROWDESTOR SPV.

Monify will use funding to settle its payments with creditors.

CROWDESTOR afterward plans to build long-lasting relationships with borrowers by providing additional growth capital, when necessary.

 

Loan

Target: EUR 13'090.00 

Loan term: 14 months. 

Interest rate: 25% per annum. 

Interest payments: paid monthly.

Loan repayment: repaid monthly

Crowdestor BuyBack fund: Yes. 

Collateral: Personal guarantee from company management.

 

Deal Structure

This is the portfolio of already issued loans by Monify, which are ceded to CROWDESTOR SPV “CR-12”.

Legally, ceding means that from this deal, all claim rights will be transferred from Monify to CROWDESTOR SPV, and all interest and principal will be paid by borrower to CROWDESTOR SPV.

Monify will use funding to settle its payments with creditors.

 

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