[Repaid] 21.00000000 BTC, 14 days @ 0.5% per day

[augustocroppo]

Disclaimer: I will only deal with well established forum members.

I am looking for a lender interested to invest in a line of credit for the group buy I am organizing. Few buyers already indicated they had difficulty to buy BTC to pay the ordered products. So I am quite willing to let them pay in GBP or EUR by bank wire transfer. However I have no liquidity at the moment to pay for their orders. The seller will only accept BTC to close a deal for at least 300 Block Erupter USB units.

My proposal for interested lenders:

Amount borrowed: 21.00000000 BTC
Interest rate: 0.5% per day
Repayment term: lump-sum payment after 14 days
Total amount due: 22.47000000 BTC [ 21 (1+14 0.005) ]

With the amount borrowed I am going to be able to provide a short line of credit to the buyers and close the order book as soon as possible to satisfy all parties involved.

My OpenPGP certificate: 0F14DEF6

Agreement template:

Code:

Personal Loan Agreement

This loan agreement is made and will be effective on 25/05/2013.

BETWEEN

The Borrower, XXXXXXXXXXXX, United Kingdom.

AND

The Lender, XXXXXXXXXXXX, Spain.

Terms and Conditions

Promise to Pay
---------------
Within fourteen (14) days from the effective date,The Borrower promises to pay The Lender 21.00000000 BTC and interest as well as other charges avowed below.

Endorsement
------------
The Lender endorses and binds to this agreement when the Amount of Loan is transferred to The Borrower's Bitcoin public-key with the signature "ASF47090302X":

					1CZy9dccBoXUi1P2Yic1EQrCeFZE9Vuee

Liability
----------
Although this agreement may be signed below by more than one person, each of the undersigned understands that they are each as individuals responsible and jointly and severally liable for paying back the full amount.

Details of Loan
----------------
Amount of Loan: 21.00000000 BTC
Total of payment: 22.47000000 BTC
DAILY PERCENTAGE RATE: 0.5%

Repayment of Loan
------------------
The Borrower will repay the 22.47000000 BTC in a lump-sum payment on 08/06/2013 in the Bitcoin public-key:

					1PpfVTQo7hQzwwFXeiSKUapZBXMqoVkGia

Prepayment of Loan
- ------------------
The Borrower has the right to pay back the whole exceptional amount at any time.

Failure to pay
---------------
If for any reason The Borrower does not succeed in making any payments on time,The Borrower shall be in default. The Lender can then order instant payment of the entire remaining unpaid balance of this loan, without giving anyone further notices. If Borrower has not paid the full amount of the loan when the final payment is due, The Lender will charge The Borrower interest on the unpaid balance at one percent (1%) per day.

Settlements
------------
Any controversy or claim arising out of or relating to this agreement, or the breach of this agreement, shall be settled by binding internet arbitration at judge.me in accordance with the judge.me arbitration agreement. The arbitrator's decision shall be final and legally binding and judgment may be entered thereon.

Borrower’s Signature: Augusto Croppo, key-ID 0F14DEF6

[1714043248]

1714043248

[1714043248]

1714043248

[BitAddict]

I guess you're paying for them after the money shows up in your account or they can prove they sent the money to you.

If it's yes I will take it.

[augustocroppo]

I guess you're paying for them after the money shows up in your account or they can prove they sent the money to you.

If it's yes I will take it.

Yes, exactly. I am going to act with due diligence with every buyer requesting the credit from me. I am quite carefully committed to avoid unnecessary risks when dealing with money. I am going to send you a PM.

Thank you very much.

[augustocroppo]

I guess you're paying for them after the money shows up in your account or they can prove they sent the money to you.

If it's yes I will take it.

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

Received 21.00000000 BTC from the forum member BitAddict.

Transaction signature verified: db872e6c936d9c6d4d901d0c5917943e6853c2dbdd597169b989dd27a9a2a1bf

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[augustocroppo]

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

The Borrower repaid the 22.47000000 BTC in a lump-sum payment on 08/06/2013:

https://blockchain.info/tx/9917daeca48ab6474130c56713d076d75f36b3242f7e5a3436c67cbed1320254

Augusto Croppo, OpenPGP key-ID 0F14DEF6

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