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When can I opt for a convertible loan instead of a traditional loan period?
The timeframe for this decision is defined between GoParity and the promoter depending on various factors. These may include the total loan term and the promoter's liquidity. The conversion terms will be available in the loan agreement, including the established timeframe in which the investor can decide to convert their loan into shares or equity.
For example, in the Biovilla project, the loan term is 5 years, and the conversion time frame was 12 months. That means that within the first 12 months after the beginning of the loan term, investors, with at least 2,000€ of investment in the project, have the opportunity to convert the amount owed into Biovilla shares.
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Part or all of your original invested capital may be at risk and the return on your investment depends on the success of the project invested in. Consider all risks before investing and read the Key Investment Information Sheet (KIIS) for each investment, available at www.goparity.com. Power Parity, SA is a crowdlending platform authorized and supervised by CMVM (Portuguese Securities Commission). All payments, transfers and funds collection are assured by MangoPay SA, an electronic payments institution authorized and supervised by CSFF (Luxembourg Financial Authority) under the nº 8711.