Aaron Nyarugwe v Dharwizi Transport (Private) Limited

Key Issues

• {"issue_text":"In circumstances where the lender is not a registered money lender for the purposes of the Act, and where he has entered into an oral agreement for the advance of money to a borrower, is the lender legally entitled to charge interest at the rate of 4%?","issue_type":"law","dispositive":"yes","related_facts":"Plaintiff advanced money at 4% per month interest; Plaintiff not registered; Oral agreement; Document signed after loan"}
• {"issue_text":"If not, what rate of interest is the lender entitled to claim?","issue_type":"law","dispositive":"yes","related_facts":"Same as above"}
• {"issue_text":"Whether the document signed by the defendant meets the requirements of Section 14(1) of the Money Lending and Interest Rates Act","issue_type":"law","dispositive":"yes","related_facts":"Document signed 3 years after loan advancement; Signed by borrower alone; Not dated"}

Background