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Payment Agreement for KSH 100,000 Loan

The document is a payment agreement between Mr. David Uhuru Maronga and Mr. Samuel Mbugua Kihoro. Mr. Maronga agrees to pay Mr. Kihoro a total of 100,000 Kenyan shillings in monthly installments of 10,000 shillings over 10 months from July 2020 to April 2021. Both parties signed the agreement to abide by the payment terms.

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robert
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186 views1 page

Payment Agreement for KSH 100,000 Loan

The document is a payment agreement between Mr. David Uhuru Maronga and Mr. Samuel Mbugua Kihoro. Mr. Maronga agrees to pay Mr. Kihoro a total of 100,000 Kenyan shillings in monthly installments of 10,000 shillings over 10 months from July 2020 to April 2021. Both parties signed the agreement to abide by the payment terms.

Uploaded by

robert
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
  • Payment Agreement: Describes the overall payment agreement between the parties, including the date and context.

DATE: 11/07/2020

PAYMENT AGREEMENT
Agreement made this SATURDAY day of 11/07/2020…………………

BETWEEN

MR DAVID UHURU MARONGA (Herein referred as the Payer) OF ID NO


24791932
AND

MR SAMUEL MBUGUA KIHORO (Herein referred as the Payee) OF ID NO


9373863

By this agreement, the Payer agrees to pay a TOTAL AMOUNT of KSH. 100,000
(KENYA SHILLINGS ONE HUNDRED THOUSAND).

By this agreement, the Payer will pay the above amount in Monthly Installments of KSH
10,000 each for a period of 10 MONTHS as agreed between the two parties starting from
the date this agreement is made.

The Monthly Payment plan will be scheduled as follows;

MONTH AMOUNT TO BE PAID

July 2020 10,000


August 2020 10,000
September 2020 10,000
October 2020 10,000
November 2020 10,000
December 2020 10,000
January 2021 10,000
February 2021 10,000
March 2021 10,000
April 2021 10,000

By signing this agreement all parties agree to abide by the set terms of payment.

PAYER: ______________________________ DATE: ___________ SIGN: _________

PAYEE: ______________________________ DATE: ___________ SIGN: _________

WITNESSES

1. NAME: ______________________________ DATE: _____________ SIGN: _______

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