Loan terms

MIZAMO MICRO-LOANS — LOAN TERMS Mizamo Micro-Loans, a division of Mizamo Growth (Pty) Ltd (Reg No: 2015/346720/07). 1. THE LOAN AND WHAT IT COSTS • You borrow an amount and pay one interest charge of 50%, due at the end of the month you are paid out in. Example: borrow R500, pay back R750 at month-end. • The app shows you the exact total and the due date BEFORE you accept. No other fees. No hidden costs. • The money is paid to you after approval — usually the same day. You may cancel at no cost any time before the money is paid out. 2. PAYING BACK • Pay the full amount by the due date — into our bank account (reference: your name and cellphone number) or in cash at our office. • Short this month? Pay ONLY the interest by the due date to carry the loan over to the next month-end, up to 4 times. The loan amount stays owing, and the NEW month's 50% interest is charged on it again. • Every payment is recorded in the app and you get an SMS receipt. Keep your receipts. 3. IF YOU DO NOT PAY — READ THIS CAREFULLY • THE DEBT DOES NOT PAUSE AND IT DOES NOT GO AWAY — IT GROWS. If you pay nothing, the loan is carried over anyway and the new month's 50% interest is ADDED to what you owe, month after month. Example: ignore a R500 loan and R750 becomes R1 000, then R1 250, then R1 500. Silence is the most expensive choice you can make. • Moving house, changing SIM cards or ignoring calls does not cancel a debt. We hold your ID number, your addresses and your next-of-kin's details, and we WILL use all of them: calls, WhatsApp, SMS, your next-of-kin — and visits to the address you registered. • Your account is frozen the day you miss payment: no new loans, no carry-overs, and your loyalty benefits are gone. • Unpaid accounts are handed over for formal collection: a written letter of demand, then the Small Claims Court. The costs the court allows are ADDED to your debt, and a judgment stands against your name. • Borrowing with false details, or taking money you never intend to pay back, is FRAUD — a criminal offence. Fraud cases are reported to the South African Police Service. • Struggling honestly? Then you have nothing to fear — talk to us BEFORE the due date and we make a plan together. We act on silence, not on honesty. 4. REWARDS FOR LOYAL CLIENTS • Every loan you pay on time builds your record with us. • Good payers qualify for bigger loan amounts and faster approvals. • Our most loyal clients get first access to special offers we run from time to time. 5. YOUR INFORMATION (POPIA) • We handle your personal information in line with the Protection of Personal Information Act (POPIA). • Your details, ID number and ID photos are used only to manage your loans and are kept private and secure. • We do not sell your information or share it with outside parties, except where it is needed to recover a debt (formal collection or the court) or where the law requires it. • Your next-of-kin contact is used only if we cannot reach you. • You may ask us at any time what information we hold about you, and ask us to correct it. • Giving false information means we decline or cancel the loan. 6. YOUR AGREEMENT • By ticking "I agree" when you register and again each time you apply, you accept these terms electronically. The app records the date and time you agreed. • You confirm that you borrow of your own free will and that you can afford to pay back. • Questions? Call or WhatsApp 066 317 5885 or 081 209 0248.

Current standard: 50% interest, due at month-end, up to 4 carry-overs per loan.

Fraud-prevention register: if an account is opened or used with false details, with another person's identity or documents, or is taken over, the identifiers used (ID number, phone numbers, account numbers, ID photos) may be recorded on a fraud-prevention register shared with other lenders, after notice to you. You may see and dispute any record about you. Your payment history is not shared.