CALL MEMO

Date: April 29, 2024

From: Saah K. Melemala, Relationship Manager Corporate &Commercial Banking
To: Credit Risk Manager
Cc: Group Head Corporate & Commercial

Subject: EXTENSION OF PHILOMENA TAMBA FACILITY

 A facility amounts of LRD6,000,000.00 was disbursed to client Philomena Tamba on the 28 th of

July 29, 2024
 The facility was approved with a Ten-months maturity beginning September 18, 2023 as first
payment.
 Up to date, she has paid the total amount of LRD993,897.92 out of the total disbursed amount
 The purpose of the facility was to increase the company’s working capital.
 Client is currently stock in ivory coast
 Due to the closure of borders between Liberia and Ivory Coast, client has failed to live up to her
payment
 Upon discussions with client, we gathered the following.
 The client lack of payment is largely due to the closure of the borders
 Client has huge receivables with government for goods he supplied through 3rd party.
 client sales have dropped hugely
 Client is asking that CS&L should give him up to the 28 th of August 2022 to complete the
full payment of his Loan.

REQUEST

In light of the above, we are humbly requesting that this client be given up to the 28 th of August
2022 as final payment date for the total loan amount with negotiable penalty payment. Failure to
do same, CS& L will confiscate the goods to repay the due outstanding amount.

Relationship manager
Name ……………………………………………
Signature …………………………………….
GROUP HEAD REMARKS

CREDIT MANAGER REMARK

MD/CEO'S REMARK