New Envestio project – Fruits wholesale – factoring 5

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Envestio informed today that a new investment opportunity is available at the portal to all registered participants.

By introducing the new investment project “Fruits wholesale – factoring 5”, Envestio continue cooperation with the representative of European food wholesale industry.

This loan is fully secured by commercial pledge and personal guarantee of the main beneficiary of SIA MERKURS-RIGANTE.

As usual, you can invest any amount starting from 1 EUR. Minimum deposit to the investment account is EUR 100.

If you invest for the first time at Envestio don’t forget that you can get € 5 and a 0.5% cashback bonus for the investments made in the first nine months (270 days), more details HERE.

Investment opportunity

  • High-yielding investment into food wholesaling industry, financing of working capital of a fruit wholesaler.
  • Secured debt, 21% planned annual return.
  • Investment principal buyback is available at 5% penalty rate.

Key data about the new project:

Loan ID
EN018053
Project start date
19.10.2018
Borrower
SIA MERKURS-RIGANTE, Reg. Nr. 40003214339, Latvia
Funding Target
€ 50 000
Loan Purpose
Factoring-type financing for the purchase and transportation of fresh fruits and berries
Loan Period
6 months
Interest Rate
21% per annum
Repayment of Loan Principal
In full at the end of the Loan Period
Investment principal buyback available
Yes, 5% penalty rate
Payment of Interest Payments
Monthly, on a specific date
Financing type
Secured debt
Guarantee from the Project’s owner
Commercial pledge in favor of Envestio Collateral Agent, Personal guarantee

Project description

Latvian company SIA MERKURS-RIGANTE has been working in the sphere of warehouse services and logistics since 1994. Recently the company launched a new business direction – delivery and wholesale of fresh fruits produced in Spain, Greece, Bulgaria, and Serbia on the market of Baltic states, Russia, Belarus, Kazakstan and other CIS countries. The assortment includes different kinds of stone fruits, strawberries, blueberry, citruses, apples, etc.

The business network is already active since June 2018. Having a number of contracted European suppliers, long-term experience in transportation and warehousing, possibility to use own infrastructure for the trade operations, necessary expertise in importation procedures, and high demand for high-quality product makes this business direction exceptionally promising and high-profitable.

SIA MERKURS-RIGANTE is looking to attract a factoring-type secured funding for the period of 6 months in order to finance additional deliveries of shipments of fruits to its partners within already established trade network.

Market

The market for imported fruits and berries in the Eastern Europe and CIS is still considered fairly underdeveloped and full of opportunities in comparison to Western Europe and US. A lot of people there still do not consider fresh fruits and berries to be an essential part of their food basket as consumption of these products currently is approximately 3,5 times lower than in the West. At the same time, as a result of the latest healthy lifestyle trends, growing personal income, and a number of other factors the demand for qualitative fruits and berries is increasing at a constant rate.

Increasing demand cannot be met with local supply, mainly due to the climate conditions, which are not favourable for growing good-quality fruits and berries as well as weaker and low-automated local farming sector. It provides a lot of opportunities for the companies that are able to import products of a necessary quality from other economic regions.

Sample repayment schedule

Envestio participant’s investment – EUR 1 000.00
Payments:

  • 19.11.2018 – EUR 17.84
  • 19.12.2018 – EUR 17.26
  • 19.01.2019 – EUR 17.84
  • 19.02.2019 – EUR 17.84
  • 19.03.2019 – EUR 16.11
  • 19.04.2019 – EUR 1017.84

Total expected return: EUR 1 104.73

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