OUR SAVE MPOLA MPOLA TERMS AND CONDITIONS
- Signing up on the Save mpola mpola arrangement does not amount to a contract of sale
for the target property. - The saver shall be required to save upto atleast 75% of the price of the targeted
property (or any other percentage as shall be agreed) for a sale to be sealed. This can
only be confirmed by signing a Sales agreement (which is separate from this form) - The company (Kalwin Enterprises Limited) is at liberty to sell the Target Property at any time before a sale is sealed as described in paragraph 2 above. In this case, the
client/saver may choose from the other available options of land or request for a refund of their money (Savings) - The price of the Target Property is valid for a period of 12 months from the date of
signing up for the save mpola mpola arrangement. Therefore, if a sale is sealed within the 12 months period, the Price of the Target Property shall apply. However, if a sale is sealed after 12 months, the price shall be as agreed between the two parties (Seller and Buyer) and not necessarily the Price of the Target Property indicated on this form. - Withdraw of savings:The saver can withdraw their savings in part or in full upon written application to the Managing Director, Kalwin Enterprises Limited. The savings will be processed within a period not exceeding 5 (five) working days from the date of receipt of the application letter. To promote pursuit of the objective of saving under this arrangement (Acquisition of land by making small periodic savings), withdraw of savings is strongly discouraged. As such a prohibitive charge of 5% on the withdraw amount shall be applied. The charge also caters for administrative costs incurred by the company.
Please note: The charge of 5% shall not apply if the withdraw of savings is occasioned by sale of target property as in paragraph 3 above and the client/saver requests for a refund. - Termination of the save mpola mpola arrangement. This arrangement can be
terminated under the following circumstances:
i) Sealing a sale by signing a Sales Agreement
ii) Death of client/saver. The savings are given to the next of kin without application
of the 5% charge.
iii) The client/saver withdraws 100% of their savings - Kalwin Enterprises Limited shall not be liable for the legal costs incurred by
Clients/Savers to obtain professional advice relating to these terms and conditions. - Kalwin Enterprises Limited shall take all reasonable steps to protect the personal
information of Clients/Savers. Appropriate safeguards shall be maintained to ensure the security, integrity and privacy of clients’ personal information. Information can only be disclosed if the client consents or through due legal processes.
