MICRO LOAN AGREEMENT

Registration number: VAT number: NCR reg number:

2022/756325/07 - 4580310409 - NCRCP17422
__________________________________________________________________________________
[The Lender]

Rivonia Johannesburg

Telephone: 0782170404 Email address: info@kolakash.com

SURNAME Mr. / Mrs. / Ms.: _ _ _ _ _ _ _ _ _ _ FIRST NAMES: _ _ _ _ _ _ _ _ _ _ _ _ [The Borrower]

ID NUMBER: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ TEL No: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

E-mail address _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _:

ADDRESS: The Borrower nominates the following address for purposes of mail of any nature, including legal
notices and court orders, to be sent:

___________________

___________________

____________________

If the above address of the Borrower changes, then the Borrower must notify the Lender of the new address in
writing by hand or registered mail to the address of the Lender within 10 business days from change.

1. CONDITIONS OF LOAN
1.1 Loan Amount R 1000 1.2 Number of 1 1.3 Instalment R 1387.99
Instalments Amount
1.4 Instalments Monthly 1.5 Date First 15/07/2025 1.6 Date Last _ _/_ _/_ _ _
Payable Instalment Payable Instalment _
Payable

2. COST ELEMENTS OF LOAN

2.1 Amount of Interest Charged R 42.52
2.2 Initiation Fee R 166.36
2.3 Total Monthly Service Fee R 70
2.4 Value Added Tax on Initiation Fee and Total Monthly Service Fee R0
2.5 RAND VALUE OF TOTAL CHARGE OF CREDIT 2.1 to 2.4 R 278.77
Interest Rate of Loan is 5.00%
2.6. TOTAL AMOUNT REPAYABLE 1.1 +2.5 is R 1387.99
3. Provision of Account Statements

Clause 3 of the Original Agreement is hereby amended to provide that account statements will be delivered
monthly in compliance with Section 108(2) of the Act. This is particularly applicable to agreements with terms
shorter than three months.

4. Early Settlement: The Borrower may settle this agreement at any time in terms of section 125 of the
National Credit Act, 34 of 2005 [Hereafter referred to as "the Act'] by paying the unpaid balance of the loan
amount and unpaid interest charges and all other fees and charges up to the date of Settlement.

5. Proposed Loan Agreement: This document serves as a proposed loan agreement and quotation and the
Borrower has the right to delay signing this agreement by 5 days, to consider the proposed loan agreement
and if the Borrower elects to enter into this agreement with the Lender, the agreement should be concluded
at or below the interest rate and costs initially quoted. The Borrower has the right to enter into this loan
agreement at any stage prior to the lapse of the five (5) business day period.

6. Interest Rate: The interest rates for small and unsecured micro-loans are calculated in arrears on the
outstanding capital at a fixed rate as per Table A of Regulation 42 of the Act. A change to the interest rate of
small micro-loans is

preceded by a notice by the Minister of Trade Industry in a Government Gazette and a change to the interest
rate of unsecured loans is a factor of any change in the repurchase rate from time to time by the South African
Reserve Bank.

Should a change of interest rate occur as contemplated above that effect this agreement, the Borrower will be
given (5) business days written notice of such change before the change is implemented.

7. Settlement of Loan: The Borrower is hereby notified and agrees that this loan will be settled by making
charges against the bank account specified hereunder in terms of section 124(2) of the Act. The details of
the charges are set out in the conditions of this loan which is part of this agreement:

Name of Bank Account: _____________________________

Account Number: _________________

Branch Code: ___________

Deduction Amount: As per clause 1.3 of this agreement. Date(s) of Deductions: On or after the dates specified
in clauses 1.5 & 1.6 of this agreement.

8. Penalty Clause: In the event of default, for whatever reason penalty interest and penalty service fee on
repayments in arrears will be charged at the same interest rate and service fee rate set for this agreement.
Clause 8 of the Original Agreement is hereby deleted and replaced as follows:

“The Lender shall ensure that no clauses in this agreement contravene Section 90(2)(b)(iii) read with Sections
101(1)(c), (f), and (g) of the National Credit Act. The Borrower shall not be held liable for any charges, fees, or
practices deemed unlawful under the Act.”

9. Lender's right to terminate agreement: The Lender reserves the right in terms of section 123 of the Act to
terminate this agreement with the Borrower if the Borrower defaults with any of the agreed repayments in
terms of this agreement and proceed with legal proceedings in terms of section 129(1)(b) and section 130(1)
of the Act which may result in a Court of Law enforcing the repayment of the Borrower's outstanding
obligations in terms of this agreement and the court judgement recorded by credit bureau available to other
credit providers.
10. Document provided and available: A copy of this signed Loan agreement is provided to the Borrower
free of charge. A copy of the Act and Regulations is available to the Borrower to peruse the sections of the
Act stated in this agreement and others on the premises of the Lender.

11. Conditions, Rights and Obligations: The Borrower and Lender agree that their rights and obligations
under this agreement are limited to the conditions and clauses of this agreement as well as the conditions
and requirements set in the Act.

12. Account Statements: The Lender will provide an account statement free of charge to the Borrower at
the end of every third month during the term of a loan agreement. Account statements during intermediate
months will be provided on request at a cost of R3.50 per page.

13. Administration Order: The Borrower declares that he / she is presently not under administration, has
no intention of being placed under administration and agrees that he / she will not attempt to be placed
under administration prior to discussing his/her financial situation with the Lender. The Borrower consents
that in the event of being placed under administration on a date after the approval of this loan, n that all
payments still due to the Lender after granting of the administration order ["Future Payments"] shall fall
within the ambit Section 74A(2) (e)(ii) of the Magistrates Court Act and therefore excluded in terms of
Section 74C (2) of the said Act and the Lender shall therefore be entitled to recover all moneys still
outstanding of this loan by means of legal action.

14. Debt review/re-arrangement: The Borrower declares that at the signing of this agreement he/she has
not applied for debt review to a debt counsellor in terms of section 86(1) of the Act or a competent court in
terms of section 86(9) of the Act; and/or is not under debt re-arrangement in terms of section 86(8)(a) or
section 87(1)(b)(ii) of the Act.

15. Assessment of Creditworthiness

15.1. The Lender confirms that, before granting this loan, a full affordability assessment was conducted in
accordance with Section 81 of the National Credit Act 34 of 2005 (NCA). This assessment included an
evaluation of the Borrower’s financial means, obligations, and debt repayment history.
15.2. The Borrower confirms that all information provided during the credit application process is accurate,
complete, and truthful.

16. No Reckless Lending

16.1. The Lender acknowledges and affirms that this loan has not been granted recklessly, as defined under
Section 80 of the NCA.
16.2. The Borrower acknowledges that if the loan is found to have been granted recklessly, they may have legal
remedies available, including but not limited to, debt restructuring or suspension of obligations as determined
by the National Consumer Tribunal or a competent court.

17. Obligation to Notify of Financial Hardship

17.1. The Borrower agrees to promptly inform the Lender if their financial circumstances change, and they are
unable to meet their repayment obligations.
17.2. In such cases, the Lender commits to assisting the Borrower by considering reasonable alternatives such
as payment restructuring, in accordance with the provisions of the NCA.

18. Right to Debt Review

18.1. If the Borrower experiences financial distress and is over-indebted, they have the right to apply for debt
review as provided under Section 86 of the NCA.
18.2. The Lender will cooperate with any lawful debt review process and provide the necessary documentation
to assist with such proceedings.
19. Acknowledgment and Agreement
19.1. By signing this agreement, the Borrower confirms that they understand their rights and obligations under
this agreement and the National Credit Act.
19.2. The Borrower acknowledges that they have not been coerced into taking this loan and that they have
been given a reasonable opportunity to seek independent financial advice before signing this agreement.

20. Dispute Resolution: The Borrower agrees that in the event of any dispute or uncertainty he / she will
discuss the matter with the Lender as a first step to resolve the issue. If the matter is not resolved to his / her
satisfaction, the Borrower will submit his / her issue in writing to the Lender and if the dispute is not resolved
thereafter to be at liberty to take up the matter with the National Credit Regulatory at toll share number
0860100406.

20. CONDITIONS ACCEPTED BY BORROWER

Signed in Johannesburg on _ _/_ _/_ _ _ _

_____________________________________ _____________________________________

BORROWER WITNESS

21. CONDITIONS ACCEPTED BY LENDER

Signed on _ _/_ _/_ _ _ _

_____________________________________ _____________________________________

LENDER WITNESS