Payment Method

Terms and Conditions

The International Microloan Program, Positiviti is a joint venture between World Workforce International Inc and Open Valley Investment Group Limited.

1. Participation: Participants must be 18 years of age or older to participate in this program. To receive interest, participating Lender members must have their principal contribution secured in Positiviti for a minimum of thirteen (13) months.
2. Tiers of Interest:
   • Contributions under $50,000 earn an interest of one percent (1%) per month.
   • Contributions of $50,000 or more earn an interest of three percent (3%) per month.
3. Concluding Lending Period: After completing the thirteen (13) month lending period, the total amount of earned interest plus principal is available. Following this period, you may choose to extend your participating loaned principal funds along with accumulated interest for subsequent years unless notified otherwise.
4. Program Description: The lending program consists of a microloan portfolio targeting qualified SMEs (Small and Medium Enterprises) in Africa, as per IFC 2024 data.
5. Risk Disclosure: This program carries a significant element of high risk. Positiviti is not a bank and is not FDIC-insured. There is no guarantee of the return of principal or interest, and the principal lent may lose value.
6. Grace Period: There is a thirty (30) day grace period during which no interest is earned on initial lending contributions. Interest accrues monthly after this period.
7. Fund Allocation: World Workforce International Inc. will receive and document deposits/contributions of loaned funds and allocate Positiviti funds for operational objectives and purposes related to international microloan lending.
8. Brand and Account Management:
   • Positiviti is the brand name of the microloan lending program.
   • Quarterly value statements are issued for each account, and online account access is available for each participating lender.
9. Check Processing: The program can take up to a ten (10) business day grace period to deposit checks based on the received date. The "contribution date" will be backdated to the received date if the check is not deposited within this period.
10. Distribution Processing:
    • Distributions of $25,000 or less can take up to fifteen (15) business days.
    • Distributions over $25,000 can take up to thirty (30) business days.
    • Processing distributions of $100,000 or more may require up to sixty (60) business days.
    • No interest accrues on the account during the distribution processing period.
11. Hold Times: Banks and financial institutions, including Positiviti Lending, may impose hold times on funds to comply with regulatory obligations and internal procedures, mitigating risks such as fraud and money laundering associated with large transactions.

Positiviti Lending is an International Peer-to-Peer Micro Lending Program. Participation in Positiviti Lending is subject to our terms and conditions. Lender Members are advised to read and understand before engaging with our program. Positiviti is a sponsored program within World Workforce International Inc., a 501(c)(5) nonprofit organization's framework. Positiviti Lending is not a bank, is not FDIC insured, and does not guarantee returns. While the program aims to facilitate profitable lending, potential principal loss can occur due to inherent risks. Positiviti Lending is not an insurance program and shall not be liable for any claims, damages, or losses arising from misconceptions regarding the nature of the program. Participation in Positiviti Lending signifies acceptance of these terms and conditions.

IMPORTANT NOTICE

As a participating lender member, I acknowledge and understand the importance of effectively managing loaned funds in micro-lending, particularly in volatile currency environments like USD to Kenyan Shillings fluctuations. I understand that Positiviti and Open Valley Investment Group Limited (OVIGL) allocate my loaned funds strategically for operational use, which includes program expenses, direct micro-lending operations in Kenya, and staff and operational costs. I also understand that this approach maximizes impact and sustainability, ensuring Positiviti and Open Valley Investment Group Limited (OVIGL) remain competitive while empowering local communities through responsible micro-lending practices.

As a participating lender member, I acknowledge and understand that Positiviti has the right to conduct a credit check/background check. This measure ensures compliance with authorities and safeguards against corruption, terrorism, money laundering, or fraud. Additionally, you understand that the administrative office is required to report the value of any cash or assets withdrawn from Positiviti. This information is reported to both the Lender member and the IRS via IRS Form 1099-INT. Form 1099-INT will be issued to participating Positiviti Lender members by January 31st of the year following any asset withdrawal from the program.

By signing this electronic signature, I acknowledge that I consent to authorize and affirm by this electronic signature as equivalent to signing by hand. My electronic signature is a legally binding representation of my consent and agreement to the terms set forth.

INTERNATIONAL PEER TO PEER LENDING AGREEMENT

Loan Amount & Interest
1. The Lender promises to contribute a loan of $ USD to the Borrowing Lender and the Borrowing Lender promises to pay this interest amount to the Lender with interest payable on the unpaid principal at the rate of percent per month.
2. The Borrowing Lenders are jointly and severally liable to the Lender for the full principal to be paid back at the end of the 13-month term.
Default
3. Notwithstanding anything to the contrary in this Agreement, if the Borrowing Lender defaults in the performance of any obligations under this Agreement, then the Lender may declare the principal amount owing and interest due under this Agreement at that time to be immediately due and payable within 30 days of the default notice.
4. Further, if the Lender declares the principal amount owing under this Agreement to be immediately due and payable, and the Borrowing Lender fails to provide full payment, interest at the rate of 20 percent per annum, calculated yearly, not in advance, will be charged on the outstanding amount commencing the day the principal amount is declared due and payable, until payment is received by Lender.
Governing Law
5. This Agreement shall be governed by and construed in accordance with the laws of the state of Delaware without regard to its conflicts of law provisions. Any dispute arising out of or in connection with this Agreement shall be submitted to the exclusive jurisdiction of the courts of the United States. This Agreement shall be governed by and construed in accordance with the laws of the United States of America, without regard to its conflicts of law provisions.
Costs
6. All costs, expenses and expenditures including, without limitation, the complete legal costs incurred by enforcing this Agreement as a result of any default by the Borrowing Lender.
Binding Effect
7. This Agreement will pass to the benefit of and be binding upon the respective heirs, executors, administrators, successors, and permitted assigns of the Borrowing Lender and Lender. The Borrowing Lender waives presentment for payment, notice of non-payment, protest, and notice of protest.
Amendments
8. This Agreement may only be amended or modified by a written instrument executed by both the Borrowing Lender and the Lender.
Severability
9. The clauses and paragraphs contained in this Agreement are intended to be read and construed independently of each other. If any term, covenant, condition, or provision of this Agreement is held by a court of competent jurisdiction to be invalid, void or unenforceable, it is the parties' intent that such provision be reduced in scope by the court only to the extent deemed necessary by that court to render the provision reasonable and enforceable and the remainder of the provisions of this Agreement will in no way be affected, impaired or invalidated as a result
General Provisions
10. Headings are inserted for the convenience of the parties only and are not to be considered when interpreting this Agreement. Words in the singular mean and include the plural and vice versa. Words in the masculine mean and include the feminine and vice versa.
Entire Agreement
11. This Agreement constitutes the entire agreement between the parties and there are no further items or provisions, either oral or otherwise

Membership

POSITIVITI

Micro Loan Program

Acknowledgement

I accept the condition that I am a member of World Workforce International, a non profit organization, (USA) and as a participant member in the Positiviti Micro Loan program and I am referred to as a lending member. I understand that my funds are being lent out on a micro lending app which is being administered by Open Valley Investments of Kenya and the recipients of the loaned funds are known as borrowers and/or borrowing members located in Kenya and Rwanda and Uganda. According to the terms and conditions, in the event that I withdrwaw interest income payable through World Workforce International, I understand that at the end of the calendar year, I will receive a 1099 form of interest income as reported to the IRS.

Berry Odhiambo

Trustees

World Workforce International

2137 Herndon Ave Suite 104

Clovis, California 93611 U S A

1-833-593-0135

info@positivitilending.com