MML Limited - Effective Date: January 1, 2023
The Lender has agreed to lend the Borrower the aforementioned amount of money and the Borrower has agreed to the terms and conditions of the Loan Agreement by signing hereunder.
The Lender shall require the Borrower to submit a duly filled and signed Loan Agreement by the Borrower, a passport photo, a copy of both the borrower’s and guarantor’s Identification card or Passport, a security as collateral against the loan that you need, and share the location of their permanent residence digitally.
The interest rate is 23% per month on the diminishing balance. Each monthly repayment can be made earlier but not later than the, specified date.
In case of non-payment after the stipulated period from the date of the Loan Agreement herein, the lender shall be compelled to institute appropriate action against you at your own cost and without further reference to you whatsoever.
Further, in case of a default, the lender will engage the services of an Auctioneer to attach the borrower’s movable property to recover all the outstanding balance plus interest. The borrower will cater for the Auctioneer’s fees and costs.
Deposit of all the monies shall be at Stanbic Bank, BuruBuru Branch, A/C No. 0100010248528 bearing the name of Joyce Nyaboke Nyakundi: the Managing Partner herein and thereafter send a copy of the payment slip and/or confirmation message to the Company email moshegmicrolendingltd@gmail.com and copy the same to +254 725150817 JOYCE NYABOKE
The Borrower agrees to pay on demand all sums owed to the Lender, whether solely or jointly, including amounts from notes or bills discounted, loans, credits, and advances. This includes all interest, discounts, and charges (including legal charges) related to such amounts.
The Borrower agrees that the Lender’s statement of account or any other evidence provided by the Lender shall be sufficient evidence of the Borrower’s liability in court and elsewhere.
The Borrower agrees that the Lender shall have a lien on all securities belonging to the Borrower now or in the future held by the Lender and on all moneys standing to the Borrower's credit with the Lender. The Borrower also agrees to provide accurate information regarding the location of their
All payments under this agreement shall be made without setoff or counterclaims.
The Lender’s provision of time, or any neglect or forbearance in enforcing payment of principal, interest, or other terms, shall not affect this loan agreement.
The Borrower agrees to the possibility of auction in case of default, with or without prior notice and shall cater for the auctioneers’ fees.
To be eligible for a loan from MML Limited, you must:
When you accept a loan from MML Limited, you agree to:
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Our platform uses advanced security measures — including encryption and secure servers — to protect your personal, financial, and transactional data from unauthorized access or misuse. Your information is used solely to deliver services within the MML platform and is never shared with third parties without your explicit consent.
Your trust is our responsibility — and we take it seriously.
By using MML Limited services, you acknowledge that you have read, understood, and agree to be bound by these Terms and Conditions.