this blog post will display to the Micro-lending & Credit Agreementdepartment
loan agreement is a document in which a lender sets out the terms and conditions under which it is pr epared to make a loan available to a borr ower. The main purpose of the loan agreement is to define what the parties involved are agreeing to, what responsibilities each party has and for how Read more about ESSENTIAL TERMS AND CONDITIONS OF A LOAN AGREEMENT[…]
What is a roll-over loan? A roll-over loan is a practice which gives the borrower the option to renew a loan on the date that it becomes due, without actually repaying the loan, i.e. a new loan agreement is begun, while the previous one remains active and unpaid. This practice results in the original capital Read more about MICRO-LOANS[…]
WHAT DOES IT MEAN TO ME AS A CONSUMER? To buy or not to buy, that is the question. Consumers requiring finance generally have two options available, i.e. saving-up or saving-down. Saving-up means that you save monthly (or at any other interval as determined by you) until you have adequate funding to buy the item Read more about AFFORDABILITY OF A LOAN[…]
Anna was in dire need of money. She needed money urgently to give her family a treat. She had no money of her own and did not know who would ‘rescue’ her. The party for her family was the most important thing that occupied her time and mind. She even approached the banks but was Read more about SHOWCASE STORY TANGENI THE LOAN SHARK[…]