MicroStart: A Guide for Planning, Starting and Managing a Microfinance Programme.


T _ O_ O _ L___ K_ I _ T
VI PROMISSORY NOTE
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PROMISSORY NOTE

By signing below, I, _______________________________

agree to pay [organization] the sum of _______________________________

at a monthly interest rate of _______________________________

payable in bi-weekly/weekly installments of _______________________________

the first due on _______________________________

and the last due on _______________________________

I understand that my payments will total _______________________________

of which, the total interest collected will be _______________________________

If any installment is not paid on the date due, the whole balance of the amount loaned yet unpaid shall become due and payable with interest at the above rate from the date of default.
Applicant's Signature Date
Group Member Signature Date
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