FIRST MICROFINANCE CENTRE LTD
P.O. Box E393, Blantyre, Malawi
Tel: +265 9999 78452/3
Email: customers@firstmicrofinancecentre.com
Website: www.firstmicrofinancecentre.com
Loan Agreement / Mgwirizano wa Ngongole
Borrower Name / Dzina la Wogula:
Loan Amount (numbers) / Ndalama:
Loan Amount (in words) / Ndalama Mawu:
Loan Maturity Date / Tsiku Lomaliza Kulipira:
We refer to your recent application for a loan from First Microfinance Centre Ltd.
We are pleased to confirm that we are prepared to offer you a loan facility on the terms
and conditions outlined below.
Reference / Tikulandirani pempho lanu la ngongole ndipo tili okondwa kukuthandizani.
Terms & Conditions / Malamulo ndi Zikhalidwe
Lender / Wopereka Ngongole: First Microfinance Centre Ltd
Borrower / Wogula Ngongole:
Loan Amount / Ndalama: Up to a maximum amount of
(in words / mwa mawu)
Purpose / Cholinga: The Loan Facility shall be available for the purposes as defined by the borrower.
Ngongole iyi imagwiritsidwa ntchito pokhazikitsa zomwe wogula afotokozera.
Employer Guarantee / Chitsimikizo cha Muwuyele: The facility shall be recovered fully through Payment Solutions
Malawi system and Malawi Government Payroll deductions.
Ngongole ibwezedwa mwathunthu kudzera mu Payment Solutions Malawi ndi Payroll ya Boma.
Employer Undertaking / Chitsimikizo cha Boma: The Malawi Government shall deduct and remit monthly
installments as they fall due.
Boma la Malawi lidzatenga ndalama mwezi uliwonse ndikuzitumiza ku FMC.
Interest Rate / Chikwekweto: 5.75% per month (reducing balance basis).
Chikwekweto chiyenera kulipidwa mwezi uliwonse, kuwerengera pang'ono pang'ono.
Arrangement Fee / Malipiro A Pulani: 0% of approved amount.
Costs & Charges / Ndalama Zina: All costs, stamp duties, legal fees, valuation fees etc.
are payable by the borrower.
Wogula ayenera kulipira zonse, monga ma legal fees, ma stamp duty ndi zina zonse.
Operational Arrangements / Njira Zogwirira Ntchito: No other operational arrangements exist except as defined herein.
Palibe njira zina zokhudza ntchito kupatula zomwe zafotokozedwa pano.
Credit Reference / Kukonzekera Mbiri: Your name shall be checked with licensed credit bureaus.
Dzina lanu lidzayang'aniridwa ndi makampani a credit ofesi apamwamba.
Pre-conditions / Zofunikira Zoyambira: Loan becomes available only after deduction is established on Government payroll system.
Ngongole iyenera kupezeka mutatha kukhazikitsa deduction pa payroll ya Boma.
Collateral / Chitsimikizo cha Ngongole: Clean / Chabwino.
Events of Default / Zochitika Zolakwika
If any of the following occur, the lender may demand immediate repayment of all outstanding amounts:
- Pledging or altering security without approval / Kugwiritsa ntchito kapena kusintha chitsimikizo popanda chilolezo
- False information / Kulemba zisonyezo zabodza
- Breach of terms in agreement / Kusakhutira malamulo a mgwirizano
- Defaulting on other loans / Kusalipira ngongole zina
- Criminal conviction with imprisonment / Kuwonongeka ndi kuphedwa ndi milandu
- Government revokes contract with Payment Solutions / Boma likuchotsa mgwirizano ndi Payment Solutions
- Payment Solutions revokes contract with lender / Payment Solutions ikuchotsa mgwirizano ndi wopereka ngongole
- Payment Solutions goes into sequestration / Payment Solutions ikuyenda ku sequestration
Compensation for Late Payment / Malipiro a Kuchedwa:
Overdue amounts will continue to bear interest daily. Default interest: 5% additional interest charged daily.
Ndalama zosalipidwa zimayambiranso kuwonjezera chikwekweto chaupindi uliwonse. Chikwekweto cholakwika: 5% pa tsiku lililonse.
Signature / Saina
Please sign in the box below / Sainani pansipa:
Date Signed / Tsiku losaina:
