Loan Agreement Terms
This agreement is between you (the 'Borrower') and HORSAKANNA'S SUSU VENTURE (the 'Lender'). By applying for a loan, you acknowledge and agree to the following key terms:
- Loan Limit: You may borrow up to twice (2x) your current savings balance, subject to a maximum system limit of GHS 2,000.00.
- Interest Rate: All loans attract a flat interest rate of 20% on the principal amount.
- Repayment Period: The loan, including all interest, must be repaid in full within a maximum period of three (3) months.
- Repayment Plan: A weekly repayment schedule will be generated. You may also pay monthly (equivalent to 4 weekly payments).
- Withdrawal Restriction: Upon submitting a loan application, your ability to make withdrawals from your savings will be LOCKED. This restriction will remain until the loan is fully repaid.
- Default & Penalties: Failure to repay the loan on schedule will attract penalties. Your guarantor will be held liable for any outstanding balance.
- Digital Signature: By clicking 'I Agree' on our platform, you accept these terms as a legally binding digital agreement.
Privacy Policy
Last Updated: October 26, 2025
Horsakanna's Susu Venture ("we," "our," or "us") is committed to protecting your privacy. This Privacy Policy explains how we collect and safeguard your information.
Information We Collect
- Full name, phone number, and residential address.
- Government-issued ID (Ghana Card).
- Transaction history related to contributions.
How We Use It
We use your data strictly to manage your Susu account, process mobile money transactions, and comply with Ghanaian financial regulations.
General Terms
Please read these Terms and Conditions carefully before using the services operated by Horsakanna's Susu Venture.
1. Customer Accounts
When you create an account, you must provide information that is accurate, complete, and current. You are responsible for safeguarding your PIN.
2. Contributions
Contributions must be made according to the schedule of your chosen savings plan (Daily or Weekly). Consistent contributions increase your credit score.