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:
- The borrower will repay the total amount of R100 by the due date specified above.
- 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.
- 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.