Lending with a formal agreement

Start the agreement yourself, invite the borrower and approve last.

Needs Amaanah Plus.

1. Loan Management → Lend with Agreement. Enter the borrower's Amaanah ID or email, the amount, currency and repayment schedule.
2. Say where to repay. For Nigerian bank accounts, pick the bank and type the account number: the bank fills in the account name, so the borrower knows exactly whose account it is.
3. Name at least one witness of your own and send.
4. The borrower is invited. They add their guarantor and witness, then sign.
5. When the borrower and every witness have signed, press Give final approval.
6. Send the money outside the app and press Record funds sent with a receipt.
7. The borrower confirms the money arrived and the loan goes live.

Tip: tick "Save these terms as a template" to reuse them next time.