The agreement between branches and borrowers contains the below

    1. Interest: interest will be charged the Organization’s at 10% per year, (7 % if the borrowing time is 6 months, 3% if the borrowing time is one month). The amount to be paid back and the dates of paying back are set as this agreement is signed.
    2. Period of recovery: …. (1, 6 or 12 months)
    3. Repayment terms: Weekly, monthly or at the end of the borrowing period. The period to be agreed on and then debited from the borrower’s Account.
    4. Fees / RISEtalks: The borrower will be attending monthly RISEtalks that are arranged by HR&S branch Uganda, when the progress of the business is reviewed and discussed and when non-financial support is provided. The fees for this arrangement are set at the time of signing this agreement and is dependent on the local situation at the time.
    5. Pre-payment: The borrower shall be able to save/deposit on the HR&S branch Uganda bank account 10% of the loan prior to the disbursement of this loan.
    6. Guarantee & guarantors: The loan taker has to offer a guarantee with relevant financial value and/or two guarantors. The guarantors must have a stable income from employment and the loan amount shall be extracted from the guarantor’s salary account by HR&S branch Uganda, if need be.



    Disbursement of the loan facility shall be subject to the following conditions:

    1. Delivery to the Organization of duly registered copies of the business/ partnership or company.
    2. Execution of this agreement by the Organization and Borrower and its registration with the relevant Government offices.
    3. Reimbursement or payment by the borrower of stamp duty, fees, commissions, and all charges required for this loan facility.
    4. Actively attendings monthly RISEtalks.
      1. The borrower shall have attended minimum two RISEtalks prior to signing this contract. The borrower shall during these events have provide proof of income; previous profit making and/or promising business plans including marketing research, customer out-reach and customer care.
      2. RISEtalks are attended by all RISEmembers, and the borrower must show capacity to work in a team, to be able to take and give advice, be active and have intrinsic motivation.
    5. Pre-payment of 10%.
    6. Guarantees and/or guarantors made available.