- Introduction: Our platform focuses on specific administrative/legal needs of people concerning debt collection processes which emanate and are formalized by Loan Agreements.
- Why is the process needed: Documenting the Loan agreements will normally provide a legal basis for a claim in any courts in Kenya.
Additionally, it is from the Loan agreements, that parties understand their obligations and enshrine provisions for breach of the same.
- Risk/what happens if the process is not undertaken: Failure to have a Loan Agreement causes many issues which can only be determined by a court of Law.
Set out below is a summary of the requirements, the procedure and the time frame for preparing Loan Agreements.