Horizon Loan Ltd
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This page has been saved as historical information.
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Mission Statement
Horizon Loan Ltd was dedicated to bringing to eRepublik a loan service that is focused on customer service; it was here to help the citizens/businesses who require funding for the little things, such as getting starting in investing themselves, or export license(s).
The Owner
Horizon Loan Ltd. was owned and operated by Derek Apollyon, who was a strong believer that he was "power of the proletariat".
The Newspaper
Horizon Loan Ltd. operatec the newspaper Money Matters.
IRC Channel
The owner, Derek Apollyon, usec IRC chat for most of his business dealings.
Server: irc.rizon.net
Channel: #horizon
Contract Terms
Contracts were made on a per-user basis with lots of input from the individual concerned in regards to timeframes, interest charged, amount needed, etc.
A Sample Contract
CONTRACT BETWEEN HORIZON LOAN LTD AND ---INSERT NAME HERE---
"Horizon Loan Ltd" (ORG owned/operated by "Derek Apollyon", hereby known as "Horizon") agrees to loan "---INSERT NAME HERE---" (ORG operated by "---INSERT CITIZEN NAME HERE---", hereby known as "---INSERT NAME HERE---") the sum of 15 GOLD under the following conditions
Condition 1 (Sum of Loan)
- The 15 GOLD loaned will have an additional 2 GOLD attached to it the moment it is received by ---INSERT NAME HERE---.
Bringing the sum to be repaid to 17 GOLD.
Condition 2 (Purpose of Loan)
- GOLD loaned is to be used for the creation a ---INSERT Q--- ---INSERT INDUSTRY--- company, to be called "---INSERT COMPANY NAME---".
Condition 3 (Repayment Time-Frame)
- GOLD loaned is to be repaid in half (8.5 GOLD) in 30 Days time from the moment it is received by ---INSERT NAME HERE---, with the remaining half (8.5 GOLD) in another 30 Days.
If ---INSERT NAME HERE--- does not pay the full amount by the due date, ---REFER TO DATE OF LOAN---, then ---INSERT NAME HERE--- will be in arrears of the loan.
Condition 4 (Terms of Arrears)
- If ---INSERT NAME HERE--- is in arrears, the following will happen:
- The GOLD owed will not required as repayment.
- Instead of the 17 GOLD repayment, ---INSERT NAME HERE--- agrees to transfer ownership of "---INSERT COMPANY NAME HERE---" to Horizon.
Condition 5 (Admin Involvement)
- Admin will be required to sign this contract before GOLD is loaned.
Admin will also be notified in the event of ---INSERT NAME HERE--- going into arrears.
