In case the borrower misses payment / default on the loan, by signing gives your consent as a guarantor that H&M Microfinance, after giving you appropriate notice per applicable law and payment is not made by you, H&M Microfinance will report you to the credit bureau. I hereby agree that in case the borrower defaults, I will pay the full amount owed by the borrower to H&M Microfinance. By submitting this form I have signed it.

Note: H&M Microfinance will in addition perform corroborating process such as calling you to confirm that the appropriate person submitted the forms

Dear ,

This agreement ("Agreement") is made between H&M Microfinance, a financial institution located at 1st Klass Research And Consultancy Building, Awoshie Junction, and , located at . In consideration of H&M Microfinance granting a loan to and in consideration of the mutual covenants and agreements contained herein, the parties agree as follows:

1. Personal Guarantee. guarantees the full and timely repayment of the loan granted by H&M Microfinance to . If fails to repay the loan in full, will be personally liable for the outstanding balance.
2. Collateral. As collateral for the loan, agrees to provide H&M Microfinance with one or more of the following:
3. Due Diligence. H&M Microfinance may perform a credit check and other due diligence on to determine their ability and willingness to fulfill their obligations under this Agreement.
4. Record Keeping. H&M Microfinance will keep accurate records of the loan, payments, and any collateral provided by .
5. Default. In the event of default by , H&M Microfinance may seek repayment from and take any legal action necessary to recover the outstanding balance.
6. Governing Law. This Agreement will be governed by and construed in accordance with the laws of Ghana
7. Entire Agreement. This Agreement constitutes the entire understanding between the parties and supersedes all prior negotiations, understandings, and agreements between the parties with respect to the subject matter hereof.
8. Amendment. This Agreement may not be amended or modified except in writing and signed by both parties.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.