FIRMS BUSINESS INFORMATION:
Type of Business:
Business performance per annum :
Or
GUARANTOR/ REFERENCE:
Guarantor 1
Guarantor 2
DECLARATION
I/We, the undersigned hereby declare that:
a) We are the Directors/ Proprietor of
b) I/We certify this information is true and correct and authorize the Mbegu Fund Board to:
i. Contact any source for confirmation.
ii. Share information of our credit history with Credit Reference Bureaus
iii. Confirm bank details with our bankers as and when necessary
c) I/We agree to be bound by the terms and conditions of this facility as stipulated in the loan agreement. d) I/We agree to obtain credit insurance cover from the insurance company procured by the Fund.
e) Administration fees charged will be 8 % of the loan amount disbursed.
f) I/We authorize the Fund to deduct any premiums payable towards such insurance cover and Administration fee from loan granted.
g)I/We understand that this application will go through a vetting process and should our loan be approved a loan account of the principle amount requested will be created in the name of the Firm.
h)I/We understand the Mbegu Fund Board reserves the right to sanction or decline this application without giving reasons. i) I/We agree that we are jointly and severally liable for repayment of loan in the event of default and j) I/We shall not be eligible for additional loans unless the amount in default has been cleared in full. k)The Fund shall not process incomplete/ defective application form, for which if any loss or delay is caused to me/ us, I/We will not hold the Fund liable for such loss or delay.
LOAN REQUEST:
DECLARATION
For Officials
We, the undersigned, being the validly elected leaders of the group/enterprise hereby commit the group/enterprise Individually and jointly to repay the loan amount disbursed to the Mbegu Fund appointed Account in equal installments after the month’s grace period.