WOZA MMELI

This document serves as a legal promise to repay a loan under specific terms. It is essential that both the Lender and the Borrower are clear on the repayment schedule, interest, and penalties for default. Follow these steps for execution:

• 💰   The Lender and the Borrower must sign every page of this agreement.
• ✍️   Signatures must be placed on the final execution page in the presence of witnesses.
• 🔢   Ensure the Principal amount, Interest rate, and Repayment dates are accurately reflected.
• 👥   If there is a Co-Signer or Surety, they must also sign every page and the final execution block.
• 📅   Remember to fill in the date and place of signature on the final page.
• 📝   Initial any handwritten changes made to the document before signing.

The Lender should keep the original signed document in a secure location until the loan is paid in full. The Borrower should keep a copy for their records.

Well done on completing the Loan Agreement. A clear financial record is the key to maintaining a good relationship between the parties.

Ensure that all payments are recorded and receipts are provided to the Borrower throughout the term of the loan.