Current investment opportunity offers CROWDESTOR investors to make a secured loan to SIA TIPOFF which a fast growing creative and advertising material producing agency. TIPOFFs main focus is on companies, organisations and their creative or advertising project execution.
Tipoff works in very different fields which includes paper work, polygraphy, digital and led displays, scenography, visual merchandising to office inte- riours and exteriors.
This is one of the projects whose goal is to get funds for Latvian National school song and dance festival 2020.
The Latvian Song and Dance Festival (Latvian: Vispārējie latviešu Dziesmu un Deju svētki) is one of the largest amateur choral and dancing events in the world and an important event in Latvian culture and social life. As one of the Baltic song festivals, it is also a part of the UNESCO Masterpieces of the Oral and Intangible Heritage of Humanity list since 2008.
The All-Latvian Song Festival has been held since 1873, normally every five years, with the Latvian Dance Festival component added in 1948. During the festivals exhibitions of photography, art and folk craft, orchestra concerts, and a festive parade also take place. Events and competitions leading up to the event occur throughout the period between festivals. Additional festivals were held in 2001 and 2011, both on major anniversaries of the founding of Riga.
Approximately 40,000-50,000 performers altogether participate in the event. Folk songs and classical choir songs are sung, with emphasis on a cappella singing, though modern popular songs have recently been incorporated into the repertoire as well.
Since 1960, a distinct Latvian School Youth Song and Dance Festival (Latvian: Latvijas Skolu jaunatnes dziesmu un deju svētki) is held in an alternate five-year cycle, on a matching scale.
This particular project is for caps and bags for this legendary event.
Targeted amount: EUR 12 900
Loan term: 6 months
Interest rate: 12% per annum
Interest payments: monthly
Loan repayment: In full at the end of the Loan Term
BuyBack fund: Yes
Security: The loan is secured by a guarantee of the borrower company and private guarantee by shareholder of the Company
Remember - interest rate payments start calculating from the day you make your investment!
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