help me write an agreement litter “i’m Magagula Thato borrowing Ororisang Marisane R50 which we’ve the agreement that the money will with r50 extra which is gonna be R100”

1 answer

Certainly! Below is a simple loan agreement letter based on the information you've provided. Be sure to adjust any specific details as needed:


Loan Agreement

Date: [Insert Date]

Parties:

  • Lender: Ororisang Marisane
  • Borrower: Magagula Thato

Amount Borrowed: R50
Total Repayment Amount: R100
Repayment Terms: The borrower agrees to repay the lender the total amount of R100, which includes the initial amount borrowed (R50) plus an additional R50.

Due Date: [Insert Due Date]

Terms and Conditions:

  1. The borrower will repay the total amount of R100 by the due date specified above.
  2. If the borrower fails to repay the loan by the due date, the lender may discuss the possibility of extending the repayment period or taking further action.
  3. Any changes to this agreement must be made in writing and signed by both parties.

Signatures:


Magagula Thato (Borrower)


Ororisang Marisane (Lender)


Please fill in the date and due date, and make sure both parties sign the document for it to be valid. It's also a good idea to keep a copy for your records.