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United Nations Capital Development Fund - Microfinance

The MicroStart Tool Kit

About MicroStart | Guide Contents | Tool Kit Contents


VI. Promissory Note

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 Members Signatures Date
_____________________ Date____________________
_____________________ Date_____________________
_____________________ Date_____________________
_____________________ Date_____________________
_____________________ Date_____________________
_____________________ Date_____________________

 

 


MicroStart: A Guide for Planning, Starting & Managing a Microfinance Programme
United Nations Capital Development Fund


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