Loan Agreement Template printable pdf download

Loan Agreement Template

LOAN AGREEMENT

BETWEEN THE UNDERSIGNED:

Mister/Mrs [user_first_name] [user_last_name]

[user_address]

acting for himself or on behalf of someone else

Hereinafter referred to as, « The LENDER»,

On the one side,

AND:

[mfi_name]

[mfi_address]

Represented by: [mfi_legal_rep_name] acting in quality of [mfi_legal_rep_title],

Duly empowered to the ends of the presents,

Hereinafter referred to as « THE BORROWER »,

On the other side,

Together « the PARTIES » and individually « The PARTY »,

PREAMBLE:

IT IS PREVIOUSLY STATED:

The LENDER is a natural person or legal entity.

The BORROWER is a licensed microfinance organization holder as such of the agreements and

authorizations required by his country’s internal legislation for its practice, and if necessary, by the

applicable international laws.

The BORROWER offers microfinance services and instruments to people whose resources do not

allow them to have access to the services and instruments marketed by the traditional banking

establishments.

In this context, the LENDER has been made aware that the BORROWER, through the website

[domain], was looking for a funding to support the personal project, (hereinafter “the Project”), of a

microentrepreneur (hereinafter: the “Final Beneficiary”), living in the BORROWER’s country and

known by the latter.

The present agreement (hereinafter « the Agreement ») lists the terms and conditions of such funding

that will be organized as a loan made by the LENDER to the BORROWER.

CONSEQUENTLY IT HAS BEEN AGREED AS FOLLOWS

ARTICLE 1: AMOUNT AND DURATION OF THE LOAN

The LENDER grants the BORROWER a loan of [project_amount] ([project_amount_words]).

Said loan has a [project_duration] months duration.

ARTICLE 2: OBJECT OF THE LOAN

Loan Agreement Template