1. Loan Agreement:

1.1 This document constitutes a legally binding agreement (the "Agreement") between NAVAPESA MICRO CARE FOUNDATION, the lender, and the borrower, collectively referred to as the "Parties."

2. Loan Details:

2.1 The borrower agrees to borrow the specified amount of an annual interest rate of [Interest Rate]%. 2.2 The loan term is weekly, months.

3. Repayment:

3.1 The borrower agrees to repay the loan in equal monthly/weekly installments. 3.2 The borrower shall make payments on or before the due date, and any delay may result in additional fees or penalties.

4. Interest and Fees:

4.1 The borrower acknowledges and agrees to pay the specified interest on the outstanding principal amount. 4.2 Late payments may be subject to late fees as outlined in Late Fee Policy. 4.3 Other fees, if applicable, are detailed in the fee schedule provided separately.

5. Prepayment:

5.1 The borrower has the option to prepay the loan in full or in part at any time without incurring prepayment penalties.

6. Security:

6.1 The loan is secured , and the borrower agrees to maintain the collateral until the loan is fully repaid.

7. Default:

7.1 The borrower is in default if any payment is not received within due date. 7.2 In the event of default, NAVAPESA MICRO CARE FOUNDATION may take legal action to recover the outstanding amount and may enforce any security interest.

8. Changes to Terms:

8.1 NAVAPESA MICRO CARE FOUNDATION reserves the right to modify the terms and conditions of this Agreement with written notice to the borrower.

9. Governing Law:

9.1 This Agreement shall be governed by and construed in accordance with the laws.

10. Miscellaneous:

10.1 This Agreement constitutes the entire understanding between the Parties and supersedes any prior agreements or understandings. 10.2 Any modifications to this Agreement must be made in writing and signed by both Parties.