Personal Loans: Mr Reindolfs Story
Mr Reindolf, a salaried worker at GMT Ltd., first approached NDK after seeing our advert in the newspapers. He was faced with a problem asdue to some unexpected family emergencies, he was short on cash. His Children had just gained admission into a private secondary school and he needed to pay their school fees for the semester, GHC4,000.
He was interviewed and based on his income, monthly repayments were proposed which spread his repayments over 4 months. Mr Reindolf was requested to present a letter of undertaking from his employer. This letter indicated that should Mr Reindolf default, all amounts due him, such as provident fund contributions would first be used to offset the debt to NDK before the balance is returned to Mr Reindolf. His employers agreed and within 12 hours of his request, Mr Reindolf was given a check written to his childrens' school.
Mr Reindolf post dated cheques for the specific amounts agreed upon. He ensured that he met the monthly repayment schedules and in some instances brought cash earlier than the agreed dates and redeemed his cheques.
At the end of the period, Mr Reindolf fully paid off his loan and he continues to be a client of NDK's. Because he has established a track record of performance, dependability and reliability, Mr Reindolf is a treasured partner and has accessed several other personal loans for various amounts.
*All names used in case studies have been changed to protect the identities of the clients.