Uganda Personal Loan Program for CIF Transactions

UGANDA PERSONAL LOAN PROGRAM FOR CIF TRANSACTIONS 

 
LENDER: Buyer 

COLLATERAL: GOLD (Au) Dore 

COLLATERAL VALUE: USD $95,000.00 per Kg of Gold Content (Au) 

LOAN LIMIT: 10 Kg Collateral or USD $900,000.00 

INTEREST: 15% 

PERIOD: 30 Days 

PAYMENT: USDT only 

COMMISSION: 1% or USD 1,000.00, whichever is greater (for Buyers’ Authorized Representative only). 

 
AUTHORIZED ATTORNEYS:  To be provided 

TESTING FACILITY: 

EURO GOLD REFINERY (U) LTD. 

Plot 1 Katego Road, Kampala, Uganda 

+256-393-255-334 

https://eurogoldrefinery.com/ 

Monday to Friday 09:00 to 15:00 hrs. / Saturday 10:00 to 13:00 hrs. / Sunday Closed 

This Personal Loan and Security Agreement outlines the terms under which the Lender (the Buyer) will provide a loan to the Borrower, secured by gold collateral, and the associated obligations and procedures governing the loan, collateral handling, and repayment. 

PROCEDURE: 

a) The collateral must be tested exclusively at Authorized Facility approved by the Buyer (Lender). 

b) Borrower must Book at the Authorized Facility, at least 24 hours before Testing. 

c) Borrower must place the Collateral under the irrevocable control of the Authorized Facility only. 

d) No one is allowed to touch or manipulate the collateral after assay and or during the funding of the Loan. 

e) Upon receiving satisfactory test results, the Lender shall immediately disburse the loan amount in either CASH or USDT and fully refund the Cost of the Booking to the Borrower. 

f) After funding the loan to the Borrower, the authorized testing facility will surrender the collateral to the Lender’s sole custody. 

g) Lender Security Team will take possession of the collateral for transport to the Lender’s Security Box. 

h) The collateral will be stored at LENDER’S BANK, Kampala, Uganda, under the Lender’s Safe Deposit Box, only until the loan is repaid or settled. 

i) For security reasons Lender is not obligated to disclose the location of the Collateral Safe Keeping. 

j) The collateral shall remain under the sole custody of the Lender and cannot be sold within Uganda. 

k) Lender will bear responsibility for ensuring the security of the collateral. 

l) All Transaction will be video recorded by the Buyer. 

DEFAULT: 

If the loan or fees are not fully paid by the due date or during the cure or grace period: 

a) The Lender retains full ownership of the collateral. 

b) The Lender permanently keeps the collateral. 

c) The Borrower loses all claims to the collateral. 

AFTER FINAL PAYMENT: 

After the Borrower has successfully repaid this Loan, the Lender will return the collateral to the same testing facility to be retested so the Borrower is ensured he is getting back what he first surrendered. 

No changes to this procedure will be accepted to ensure transaction transparency and legitimacy.