beetoken: Financing for Beekeepers

Specialized platform for financing beekeepers in Argentina.

FINANCING TYPES:

Secured Loans
• Use your honey production as collateral
• Competitive rates based on your production
• Flexible terms

Advances on Future Production
• Receive advances against your future harvest
• Ideal for covering seasonal expenses
• Payment at the time of harvest

TARGETED AT:
• Registered beekeepers
• Beekeeping businesses
• Cooperatives in the sector

REQUIREMENTS:
• Be a beekeeper
• Have verifiable production

About the loans:
·Loan amount: ARS 10,000 to ARS 1,500,000
·Repayment period: Payment in installments over 91 to 365 days
·Maximum annual interest rate: 18.25%

Example:
Request ARS 100,000 at a daily interest rate of 0.05%, with payments every 120 days for a total of 4 periods:
Interest Calculation: ARS 100,000 * 0.05% * 120 = ARS 6,000.
Total days: 120 days.
Total Payment: Principal + Interest = ARS 100,000 + ARS 6,000 = ARS 106,000
Each installment payment: ARS 106,000 / 4 = ARS 26,500