MONEY LENDING

John Homer Lozada, John Norman Tidon and Elmer Baay signing of contract

Money Lending (also known as "financing") occurs when someone allows another person to borrow something. Money, property, or another asset is given by the lender to the borrower, with the expectation that the borrower will either return the asset or repay the lender.

The total amount of money being borrowed from the lender to the borrower shall bear interest rate of five percent (5%) compounded monthly. The total amount of money being borrowed, including principal and interest shall be due and payable on earlier but not later than 15th of December.

Borrower: John Norman Tidon

Contact Number: 09179671236

Address: 2910 Pasilyo 11, M.H. Del Pilar St. Brgy. Calamba, Laguna, Philippines

Partner: John Homer Lozada

Lending Contract

Borrower's Identification