Riga, Latvia

Expand current productivity of luxury clothing brand Tier 1

Funded

Expand current productivity of luxury clothing brand Tier 1

Borrower:

SIA “Sava Couture Group”

Type:

Business growing

Opens:

01 Jul 2019

Extended till:

-

Interest rate:

18.90% per annum

Loan period:

8 months

Funding target:

€ 300 000

Still need:

€ 0

Funded:

€ 300 000

Buyback:

5 % fee

Risk level:

Low

Collateral agent:

Monethera GROUP OÜ

Guarantees:

Pledged commercial assets and personal guarantees of the director

Repayment schedule:

Monthly on the 1st day of each month

Sava Couture is a luxury brand, creating clothing lines in their studio in Riga.

Since 2016 they achieved a large customer base around the Europe and continue to grow, following the latest trends of women’s fashion.

Loan’s target is to expand their current productivity and multiply their customer base in the next 8 months. The expansion’s plan has been made and analysed in the professional manner and will starts it’s realization in July 2019.