A new financial package to help Bulgarian farmers, has been developed by the largest land management company, Agrion. Thus, we hope to help farmers more easily overcome the negative effects of the pandemic and give them a shoulder in the midst of the active agricultural season. Access to finance is often one of the main obstacles people not to engage in agriculture. Therefore, our products will reach farmers easier, faster and most of all profitably.
The subsidiary of Agrion - Agrion Finance offers new, more favorable terms for its most popular product - land leasing. It is granted with the most simplified procedure and significantly shortened terms, which makes the company a preferred partner over other credit institutions.
Agrion Finance's most popular product is land leasing. The company offers financing up to 100%, without deductible. This is a serious relief for farmers who have the opportunity to buy property without disrupting their financial planning or to obtain the necessary funding without losing assets.
The appraisal of the property is made by Agrion experts and is absolutely free. If it coincides with the price of the plot, the farmer does not owe an initial installment, but directly begins to repay lease payments. The collateral is agricultural land, and the repayment plan depends on the specific needs of the lessee. Farmers can choose in how many installments and when to pay their lease, taking into account these payments with the income they have by period. The company does not charge a fee for reviewing documents, there is no commitment fee.
Registered farmers and legal entities do not require a credit history and a detailed business plan, as are the mandatory conditions of other credit institutions.
An additional relief is that the application can be done almost entirely digitally - through the section on the site of "Agrion" https://www.agrion.bg/bg/finance/. The client can perform almost all operations on the site without having to leave home and constantly visit offices.
Our goal is to make it as easy as possible for small and medium-sized producers and landowners, who often cannot meet the high requirements of other credit institutions.
A study by Agrion Finance shows that every fourth landowner has needed additional financing in the last year, and more than 200,000 people have taken out a loan.