If you are looking to lend money in Kenya, it is important to have a loan agreement in place. A loan agreement is a written document that outlines the terms and conditions of the loan, and it can help protect both the lender and borrower in case of any disputes or disagreements.

Before you lend money, it is important to create a loan agreement that is tailored to your specific needs. However, a sample loan agreement can provide a useful starting point for creating your own agreement.

Here is a sample loan agreement template that you can use in Kenya:

1. Loan amount: [insert total loan amount]

2. Interest rate: [insert interest rate]

3. Repayment schedule: [insert repayment schedule]

4. Late payment penalty: [insert late payment penalty]

5. Security or collateral: [insert security or collateral if any]

6. Default provisions: [insert default provisions]

7. Governing law: [insert governing law]

8. Signatures: [insert signatures of the parties involved]

When drafting your loan agreement, it is important to be as detailed as possible to ensure that both parties are clear on the terms and conditions of the loan. This can also help prevent any misunderstandings or disputes in the future.

Furthermore, it is important to comply with the regulations and requirements of the relevant governing body. In Kenya, for example, the Central Bank of Kenya has established guidelines for lending institutions and borrowers. It is important to familiarize yourself with these guidelines to ensure that you are in compliance with the law.

In conclusion, a loan agreement is an important document for both lenders and borrowers. If you are looking to lend money, it is important to have a loan agreement in place to protect your interests. A sample loan agreement can help get you started, but it is important to tailor it to your specific needs and comply with the regulations in your jurisdiction.