This document will be created by our team after all the information given and collected by our team is certified to be correct.
Here term and conditions of funding will be written, a copy of the repayment amortization will also be included.
Content of the agreement will include but not be limited to the following;
- Name of the organisation
- Physical address
- Amount funded
- Project funded
- Breakdown of the fund based on the project
- Number of years for fund repayment
- Interest rate on fund
- Collateral information
- Defaults and default implications
- List of members and signatures of officials
- AIF officials signatures
- Amortization table
All members of the group need to read, understand, agree with and sign the document. After the signing the funding will be disbursed through the SHG bank account